netgo group continues its growth path: portfolio company Waterland acquires commehr and workbees

Hamburg / Borken / Berlin, July 23, 2020 – netgo, the Borken-based IT system house, is continuing to grow through targeted acquisitions: the group in the portfolio of Waterland Private Equity is taking over the majority of the two Berlin-based IT service providers commehr and workbees with a total of around 60 employees. These specialist companies primarily address the market segment of growing technology companies and serve their customers with a complete range of network and telecommunications services. netgo is thus expanding its portfolio of services and can further strengthen its market position. The sellers are the two founders, Dr. Timo Glaser and Sebastian Meyer, who will remain shareholders.

Founded in 2009, commehr GmbH accompanies innovative and growing companies on their way into the digital future. commehr is a one-stop shop for coordinated IT, telecommunications, infrastructure, and security services, from cabling to cloud management. As a comprehensive IT service provider, the company handles the complete process from consulting, project planning, maintenance, operation to support. workbees GmbH also offers its customers comprehensive support in ICT issues, from networking, intelligent office applications to efficient telecommunications solutions. The customers of commehr and workbees are principally growing companies with a need for smart work environments.

“The two dynamic and successful companies ideally complement our product portfolio, particularly in the area of managed services, and increase the cross-selling potential in the group,” says netgo CEO and founder Benedikt Kisner. “The customers of netgo as well as commehr and workbees will thus benefit even more from our one-stop shop approach in the future”. netgo, which has been in the portfolio of the Waterland investment company since autumn 2019, is growing continuously as part of a buy-and-build strategy. The most recent new additions to the group around half a year ago were the cloud provider ComNet and the business software expert MEHRWERK. With these latest acquisitions, the group now has more than 400 employees in over 20 locations in Germany. It offers its more than 3,000 customers a broad range of consulting, products and services in the business areas of hosting & storage, IT infrastructure, IT security, communication & messaging, IoT & analytics.

“We are pleased to become part of such a success story and to continue to grow together with netgo and Waterland. Both in terms of the range of products and services and the quality standards as well as the corporate culture, we fit together perfectly”, explains Sebastian Meyer, founder and future managing director of commehr and workbees.

Dr. Carsten Rahlfs, Managing Partner of Waterland, agrees: “In the still very fragmented IT system house market, we are experiencing continued strong momentum in our expansion strategy for netgo. With the two companies commehr and workbees, netgo can once again expand its managed services portfolio and open up additional customer segments. The path to becoming to one of the leading IT system houses in Germany is thus going an important step further”. Waterland has extensive experience in the field of outsourcing and digitalization through similat investments in several European countries. In German-speaking countries, partnerships currently exist with Serrala Group (payment technologies), enreach (Unified Communication) and Tineo (Enterprise IT).