Strong alliance for continued growth: TIMETOACT GROUP acquires transformation expert PKS

TIMETOACT GROUP, a leading provider of IT services for medium-sized businesses, large corporations and public institutions in the DACH-Region, backed by Equistone Partners Europe, is acquiring software transformation expert PKS Software, Ravensburg.
By: TIMETACT GROUP
 
KÖLN, Germany - Jan. 19, 2022 - PRLog -- The acquisition is consistent with TIMETOACT GROUP's specialisation in offering top-quality consultancy and IT services and continues its successful, 15-year buy-and-build story. Both companies' long-term partnership will now be continued and expanded under the umbrella of TIMETOACT GROUP. PKS's existing directors Heidi Schmidt and Roland Zurawka will continue to lead the company, while Heidi Schmidt is also reinvesting as a shareholder in TIMETOACT GROUP. The parties agreed not to disclose the details of the transaction.

TIMETOACT GROUP, headquartered in Cologne, currently comprises eight specialised company brands at 16 locations across Germany, Austria and Switzerland: ARS, CLOUDPILOTS, edcom, IPG, novaCapta, synaigy, TIMETOACT and X-INTEGRATE. With around 700 employees, and a comprehensive portfolio of software and consulting services, the digitisation expert primarily concentrates on medium-sized and large companies from industry, finance and the service sector as well as public institutions. The recent conclusion of this acquisition means that PKS, which is based near Lake Constance, will now also strengthen the fast-growing group.

Established in 1991, PKS specialises in the customer-specific development of tailored, business-critical software. Its focus is on optimising mature software landscapes so that companies can collaborate with their customers and suppliers in a way that is efficient, up-to-date and error-free.

Contact
TIMETACT GROUP
***@timetoact-group.com
End
Email:***@timetoact-group.com
Tags:TIMETOACT
Industry:Software
Location:Köln - North Rhine-Westphalia - Germany
Subject:Mergers
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