Software investor Main Capital Partners has acquired four German companies to form a new DACH unit.
The acquisitions include Nissen & Velten, texdata (ERP), aruba BI and Litreca (financial solutions).
The four will now be combined to form a new business software group that will be known as enventa, serving SMEs and enterprises across DACH.
Combined 2022 revenues for enventa are forecast to reach around EUR25m, and are also predicted to increase further at a double-digit growth rate, said Main Capital.
The new group will employ a combined total of approximately 200 people. Customers for enventa include Lufthansa, Leica Camera and KYOCERA.
Sven van Berge, head of DACH activities at Main Capital Partners, said: "The ERP market offers significant growth opportunities for the DACH region. These acquisitions give Main a strong stable of holistic software providers to better serve the German SME market. We will capitalise on our existing, extensive experience within the ERP software sector, and implement it to further grow and develop these exciting business synergies to drive enventa forward."
He added: "We will look to achieve sustainable growth through solid business models and initiatives, such as further buy-and-build execution in the fragmented ERP market, as well as diversification through cross-selling."
