SNP Schneider-Neureither & Partner SE, a provider of software solutions for digital transformation processes and automated data migrations, signed an agreement today to acquire 100 percent of the shares in Datavard AG from Marondo Capital. The software and consulting company specializes in transformations and data management in SAP landscapes.
Gregor Stöckler, co-founder and CEO of Datavard AG, will join the Board of Managing Directors of SNP SE as the new chief operating officer. He will be responsible for the sales regions USA and UK-Ireland as well as globally for analytics, platform strategy, technology partners and partner marketing.
“With this acquisition, we are expanding our software portfolio to include Datavard’s solutions in the areas of SAP data management and analytics,” says Michael Eberhardt, CEO of SNP SE. “In both the software and the consulting business, the two portfolios complement each other perfectly. Until now, SNP and Datavard have acted as competitors and partners in the market; in the future, we will use the newly gained strength from the merger of both companies to serve our customers and partners even more comprehensively.”
“We are very pleased to now be a part of the market leader for data transformation software solutions in the SAP world,” said Stöckler. “It opens up many new opportunities for our employees, customers and partners. SNP and Datavard have known and appreciated each other for many years as competitors and as partners. In addition, we are successfully collaborating in the ‘SAP S/4HANA Selective Data Transition Engagement’ working group. Together, we will be able to support our customers and partners in their digital transformations even better.”
Stefan Elßer, partner at Marondo Capital and former chairman of the supervisory board of Datavard AG said, “We are pleased to have accompanied Datavard’s excellent development over the past years. We wish SNP and Datavard every success on their future journey together.”
Marondo Capital had been involved in Datavard since 2019.
As consideration for the acquisition of all shares in Datavard AG, a cash component of around EUR 20 million ($23.7 million) and the issue of 173,333 new shares from a capital increase through contributions in kind are planned.