Mergers, Acquisitions, Partnerships - February 2022

Significant access to customers

Evora is a growing company that has attracted attention.

Allgeier has reached agreement with the founders and shareholders of the Evora Group on the acquisition of a majority stake in Evora and signed a corresponding purchase agreement. The four founders of Evora will continue to hold a 40 percent stake in Evora as entrepreneurs. The purchase price for 100 percent of the Evora shares amounts to a low three-digit million euro sum due at closing, which also includes components payable in the coming years, some of which are performance-related. The transaction is expected to close in the coming weeks.

Evora is a fast-growing company specializing in SAP and ServiceNow consulting and software development that supports its customers in the end-to-end digitization of business processes. The company has deep expertise in implementing and operating comprehensive asset and field service management solutions. With the acquisition, Allgeier gains a successful entrepreneurial team, strengthens its expertise in SAP consulting and implementation, and gains significant access to attractive customers, especially in Europe and the US. At the same time, the Group gains approximately 200 highly qualified colleagues at international locations, especially in India.