Press release
ARTHOS advises Data Respons AS on its acquisition of frobese GmbH
Munich, 12 January 2021 - Data Respons AS has today closed the acquisition of 100% of the shares in frobese GmbH Informatikservices (“Frobese”), a German company and successful team of experts specialized in software engineering services for banks and insurance companies with 96 employees and headquartered in Hanover. Frobese focuses on IT consulting, project management and software development and is a leading niche provider having a strong record in large projects and IT architectural lifecycle, especially in core banking and other financial services institutions.
ARTHOS acted as exclusive financial adviser to Data Respons in this transaction. ARTHOS provided full buyside advisory services including company screening process based on pre-defined search criteria, analyzing potential strategic partners, and co-ordinating the subsequent M&A process including the due diligence and negotiations.
“It’s with great joy that we welcome Frobese to the Data Respons family. With this latest expansion we are adding more than 90 specialists on cutting edge software within banking and finance to our portfolio. More importantly we believe that this is an ideal merger of skill sets, culture and opportunities”, says Kenneth Ragnvaldsen, CEO of Data Respons.
Frobese consists of software experts with strong competence in the banking and insurance business and with long-term customer relationships.
“During Covid-19 the Data Respons business model has proven to be resilient as digitalisation continues to be the key to a competitive advantage. Frobese has also experienced a positive development through a challenging year, proving that this is a good match of business models and attractiveness”, comments Ragnvaldsen.
Frobese is based in Hanover, thus further increasing the Data Respons footprint in Germany, as Frobese joins four other Data Respons software engineering companies across Germany.
According to the European Commission, Germany leads the EU on 5G readiness but is lagging on digitalising public services and German companies have not made progress in the level of Integration of digital technologies [1]. With a group of software niche companies, including Frobese, Data Respons is increasingly well positioned to exploit the future need for digital services.
This has been the fifth successful acquisition in the past five years during which ARTHOS supported Data Respons with its expansion plans in Germany.
About Data Respons
Data Respons (1,400 employees and NOK 1.9bn revenue) is a leading technology company delivering R&D engineering services, software and hardware development, smarter embedded and IoT solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defense & Security, Medtech, Energy & Maritime, and Finance & Public Sector. It has offices in Norway, Sweden, Denmark, Germany, France and Taiwan. Since 2020 Data Respons is a subsidiary of AKKA Technologies SE (22k employees and EUR 1.8bn revenue), a globally operating engineering and technology consulting group based in Brussels, Belgium, and listed on the EURONEXT stock exchange.
About Frobese
Founded in 1998, Frobese is a German specialist within IT consulting and software development for banks and insurance companies with 96 employees and headquartered in Hanover. Frobese has a special expertise in IT/strategy consulting, software development transformation of core financial business structures, business process management, organizational consulting, business field development, IT quality management, requirements management, procedures and models, software architectures, implementation, test management and testing.
[1] https://ec.europa.eu/digital-single-market/en/scoreboard/germany
ARTHOS Corporate Finance GmbH
Knöbelstraße 28
80538 Munich, Germany
Tel. +49 (0)89 2429 4350
Fax +49 (0)89 2429 5355
contact@arthos.de
www.arthos.de
ARTHOS is an independent M&A advisory firm and specialist for digital media, IT and high-tech industries based in Munich. Since 2003, ARTHOS services customers on the buy- and sell-side regarding the acquisition or disposal of companies and business units worldwide. The partners of ARTHOS so far have successfully closed over 150 M&A transactions. ARTHOS is member of the German Association for Mergers & Acquisitions e.V. (BM&A) and AICA – the global Alliance of International Corporate Advisors.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release ARTHOS advises Data Respons AS on its acquisition of frobese GmbH here
News-ID: 2235464 • Views: …
More Releases from ARTHOS Corporate Finance
ARTHOS advises tacterion on raising equity from two worldwide leading premium br …
Creating the leading tactile sensing company to enable the tactile Internet of the Future
Munich, 8 June 2021 - The investment from global premium home appliance brand Miele, and a leading construction tool manufacturer, will secure them early access to tacterion’s award-winning technology, expand tacterion’s offer into new industries and mass-market applications, whilst funding future innovation.
ARTHOS acted as exclusive financial adviser to tacterion GmbH and provided full fundraising advisory services including…
ARTHOS advises Indutrade on its acquisition of Stein Automation
Expansion in industry 4.0 conveyor systems for production process optimization
Munich, 31 January 2020 - Indutrade has completed the acquisition all of the shares in the German company Stein Automation GmbH & Co. KG, after approval by the German Competition Authority, Bundeskartellamt.
ARTHOS served as M&A advisor to Indutrade AB. The main tasks included identification and introduction of the target company, evaluating and structuring the offer. In addition, ARTHOS assisted the Indutrade…
ARTHOS advises INTEGR8 on its sale of a majority stake to Ufenau
- Buy and build strategy to create a leading integrated digital agency -
The shareholders of INTEGR8, a fully integrated digital agency providing its clients a unique 360 degrees approach covering all aspects of data driven marketing, creative design and technology, have sold a majority stake to Ufenau Capital Partners, a privately-owned Swiss Investor Group focused on buy and build investments in service companies in German-speaking countries.
ARTHOS acted as exclusive financial…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
