Rautenberg & Company advised SPIE Deutschland & Zentraleuropa GmbH on the acquisition of BridgingIT GmbH.
Our team advised SPIE Deutschland & Zentraleuropa on the acquisition of BridgingIT GmbH (“BridgingIT”). The transaction was signed on August 16, 2023 and is currently subject to clearance by the antitrust authorities as well as other closing conditions. It is expected to be completed in Q4 2023.
SPIE Deutschland & Zentraleuropa, a subsidiary of the SPIE Group, is the leading multi-technical service provider for buildings, facilities and infrastructures in Germany, Austria, Poland, the Czech Republic, Slovakia and Hungary. With its broad expertise and enthusiasm for technical services, SPIE is committed to the energy transition and digital transformation alongside its customers. With the acquisition, SPIE strengthens its service offering and digitization expertise.
BridgingIT has experienced significant growth since it was founded in 2008 and has developed into a market leading end-to-end IT service provider of tailor-made digital transformation solutions. With a team of 700 employees, BridgingIT operates 10 office locations across Germany, serving leading blue chip customers in various industries.
As part of our integrated approach, our team supported SPIE Deutschland & Zentraleuropa comprehensively with a Commercial Due Diligence and as lead M&A Lead Advisor throughout the entire acquisition process up to its successful signing.
Quick Facts
Date
- August 2023
SPIE Deutschland & Zentraleuropa
- Leading multi-technical service provider for buildings, facilities and infrastructures
- 18,000 employees and 250 sites in Germany, Austria, Poland, the Czech Republic, Slovakia and Hungary
- Headquartered in Ratingen, Germany
BridgingIT
- Provider of agile IT transformation solutions
- Expected revenue in 2023 of EUR ~140m
- Headquartered in Mannheim, Germany
Deal Size
- ~9.0x 2023E EBITA post synergies
Services
- Commercial Due Diligence
- M&A Lead Advisory
Team
- Arndt Rautenberg, Managing Partner
- Boris Herzog, Partner
- Britta Hornung-Schweter, Partner
- Sebastian Morck, Director
- Kirill Schelkunov, Manager
- Dominik Krause, Manager
- Jessica Gallander, Associate
- Klara Mielke, Associate