netgo group invests in business software experts MEHRWERK

Only two weeks after the announcement of the takeover of the IT company ComNet, the next step follows at netgo. The group acquires 100 percent of the shares in Mehrwerk AG , headquartered in Karlsruhe. MEHRWERK specializes in the optimization of business processes using agile enterprise software. The founders Ralf Feulner, Claus Litz and Clemens Schmidt will continue to lead MEHRWERK as managing directors and in future with hold a stake in the netgo group via the management holding company.

MEHRWERK was founded in 2008 as a manufacturer-independent IT services provider, offering flexible and user-friendly add-on solutions for SAP users. Today, the fast-growing company with about 30 employees serves approximately 250 customers of all sizes in the fields of industry, trade and services. As a general IT contractor, MEHRWERK advises on the optimization of business processes on the basis of proven, user-friendly software, for example for IT-supported supply chain management as well as SAP cloud and business analytics solutions (business intelligence and process mining based on the Qlik platform). This focus pays off: the Karlsruhe-based is an SAP Cloud Gold Partner and leading solution provider in Germany, Austria and Switzerland for the Qlik data analysis platform. In addition to products from well-known manufacturers, MEHRWERK also offers solutions developed in-house: Their MPM process mining software is used by medium-sized companies as well as DAX-listed corporations to analyze business processes.

The integration of MEHRWERK strengthens the product and service portfolio of the netgo group. “We are delighted to be able to add MEHRWERK, a leading specialist for software-based business process optimization, to our group. In addition to solutions and products from renowned manufacturers, the process mining solution, which was developed internally, enjoys an excellent reputation, and offers high added value. For us and our customers, MEHRWERK’s products are an ideal supplement to our service portfolio. At the same time, MEHRWERK is in a position to further accelerate its own growth by combining resources and utilizing netgo’s expertise”, explains netgo Managing Director Benedikt Kisner.

netgo was founded in 2007 by Benedikt Kisner and Patrick Kruse as an IT system house in Borken (North Rhine-Westphalia) and has grown at an above-average rate over the past years both organically and through the successful takeover of other IT companies. Only a few days ago, netgo announced that it had taken over the IT system house ComNet based in Würselen (North Rhine-Westphalia).

The netgo group with around 370 employees at 18 locations offers a wide range of consulting, products and services in the business areas of hosting & storage, IT infrastructure, IT security, communication & messaging, IoT & analytics, coupled with tailored customer solutions. Together with its customers, netgo develops individual IT strategies and can draw on many years of experience in all forms of IT operation: in-house, private cloud and public cloud. Thanks to this broad range of services, netgo acts as a one-stop shop for its more than 3,000 customers throughout Germany. netgo’s portfolio of services is to be further expanded through targeted acquisitions.

Ralf Feulner, founder and CEO of MEHRWERK, summarizes the advantages for his company: “With the support of the netgo group, we will ber we will be able to improve our position within the framework of our corporate strategy in terms of content, organization and sales and to serve our customers as a whole, for example in the field of managed services. Together with the netgo group, we will be able to take our successful growth path of recent years to a new level.“

Dr. Carsten Rahlfs, Managing Partner at Waterland, comments on this second acquisition within a short period of time: “For netgo, this transaction is the second company within a very short time after our entry as a growth investor. This shows that the buy-and-build strategy with companies whose service portfolio complements netgo’s is paying off. We will continue to pursue a growth path with netgo”.“