Cowen advised BE Investment-Partners GmbH (“BE Invest”) and founding shareholder Thomas Krug on the sale of LANSOL Datacenter GmbH to WIIT S.p.A. (ISIN: IT0005440893; WIIT.MI). The transaction comprises 100% of the share capital and will be completed in the first half of September.
LANSOL is a full-service hosting provider with its own certified data center in Germany. Thomas Krug, who founded LANSOL more than 20 years ago, has developed the company into Germany’s leading independent provider of managed services for the tax and accounting industry with over 600 active customers. With the entry of BE Invest in 2019, the growth was further advanced and now, with the sale, results in a new partnership with WIIT.
Roland Eschmann and Rolf Brodbeck, Managing Directors of BE Invest: “We are pleased to have been able to accompany Thomas Krug in the consistent further development of LANSOL over the past three years. We see WIIT as the ideal partner for the consolidation in the cloud segment to continue the previous growth path together with Thomas Krug. We would like to express our sincere thanks to Thomas Krug and the entire team at LANSOL for the successful and cooperative partnership.”
With the acquisition of LANSOL, WIIT aims to strengthen its position in Germany, a market that currently accounts for more than 50% of the group’s sales.
Thomas Krug, founder and CEO of LANSOL: “After years of continuous and progressive growth, by joining the WIIT Group LANSOL is now entering a new phase of development. I am proud to continue to lead the company together with the WIIT Group management team. I would like to thank the team members at Cowen for their commitment throughout the process. They have found for us the perfect partner for the future.”
BE Investment-Partners GmbH is an independent investment company that invests in established medium-sized companies in the DACH region with an experienced team. The company specializes in different investment occasions such as growth financing, succession situations or reorganizations in the shareholder structure and sees itself as an entrepreneurial partner to its portfolio companies.
WIIT S.p.A., a company listed on Euronext Star Milan (“STAR”), is a leader in the cloud computing market. The company has a pan-European presence and is present in key markets such as Italy and Germany, where it is one of the leading players in the provision of innovative hosted private and hybrid cloud technology solutions. WIIT operates 15 of its own data centers – 3 in Italy, 2 of which are Uptime Institute Tier IV certified, and 12 in Germany – and holds 6 SAP certifications at the highest levels of specialization. With its end-to-end approach, the company is able to offer its partner companies customized services with high added value and the highest security and quality standards for the management of critical applications and business continuity, while guaranteeing maximum reliability in the management of the main international application platforms (SAP, Oracle and Microsoft).
LANSOL Datacenter GmbH is an owner-managed data center in Limburgerhof near Ludwigshafen am Rhein. It has been offering customers a wide range of IT solutions for more than two decades. These are not only technically sophisticated, but also characterized by a high level of economic efficiency and sustainability. In line with customer needs, LANSOL has successively expanded its range of services in recent years. As one of the first companies in Germany, the company was able to offer complete ASP and IT outsourcing solutions. Today, LANSOL operates over 2,500 servers in its DIN/ISO 27001 and DIN/ISO 9001 certified data center. Professional cloud solutions, hosted exchange, servers, dedicated server hosting, web hosting, IT outsourcing in the data center, e-mail archiving and much more.