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CONET

Employees
c. 1,500
Offices
17
Locations
3
Status
Current
Country
Germany
Strategy
Mid Cap
Sector
Business Services
Entry
Oct-21
Fund
IK IX
Website

Leading IT consulting, systems integration and software development company

Founded in 1987 and headquartered in Hennef, Germany, CONET is a leading IT consulting, communication solutions, software development and managed services provider to the public and private sectors.

CONET offers SAP consulting, communication solutions, software development and managed services to the public and private sectors, employing over 1,500 specialists in 17 offices across Germany, Austria and Croatia.

IK Partners acquired CONET in December 2021 from H.I.G. Capital with the Company’s management team reinvesting alongside IK.

What Attracted us to the Business

  • Strong brand and reputation as one of the leading medium-sized IT providers in Germany
  • Broad range of digital transformation solutions comprehensively serving the needs of its private and public clients
  • Longstanding customer relationships

Our Value Creation Strategy

We are working alongside management to:

  • Continue growing its public and defense footprint in the DACH region;
  • Implement growth initiatives in the private sector, in existing and new verticals;
  • Execute a buy-and-build strategy to further accelerate growth; and
  • Capture the demand arising from increased digitalisation by leveraging the Company’s sustainable client relationships, sector knowledge and workforce.

Quote from the Client

“We look forward to partnering with IK as we enter the next stage of growth for CONET. The trend towards digitalisation is accelerating and we believe we can capture this demand with our unique combination of IT expertise, sector knowledge and dedicated workforce of experienced consultants.”

Anke Hofer, Chief Executive Officer, CONET

Investment Team

Mirko Jablonsky

Partner
Hamburg

Adrian Tanski

Director
Hamburg