CONET Gains New Strategic Partner in IK Partners

As a new shareholder, IK Partners supports CONET's successful growth as well as targeted market and business development

Hennef, Oktober 27, 2021. After four and a half years with H.I.G. Capital as a strategic partner, CONET and IK Partners will now jointly continue the successful growth of CONET as leading IT consultants for SAP, infrastructure, communications and software in the future.

In cooperation with H.I.G. the CONET management has more than doubled the company's turnover and the number of employees, expanded the IT and consulting portfolio to the market needs and strengthened its market position in the public as well as in the private sector.

“H.I.G.’s trustworthy and supportive cooperation was an essential element for CONET to continue its exceptionally successful growth”, said Anke Höfer, CEO of CONET Group. “Together, we have successfully grown CONET into a leading and trusted digital transformation partner for our customers. I would like to thank H.I.G. for their strong engagement over the past four and a half years.”

With IK Partners, CONET has found the ideal partner to sustainably pursue the excellent market and business development of the IT consulting company. Together with the European investment company, CONET can develop long-term perspectives in order to consistently take advantage of new opportunities in the dynamic digitization sector.

"We look forward to partner with IK as we enter the next stage of growth for CONET”, CEO Anke Höfer adds. "The trend towards digitalization is accelerating and we believe we can capture this demand with our unique combination of IT expertise, sector knowledge and dedicated workforce of experienced consultants. We are grateful to H.I.G. for their support over the last four and a half years.”

Mirko Jablonsky, Partner at IK and Advisor to the IK IX Fund, said: “We are impressed by CONET’s strong track record across a diversified customer base, made possible by its driven management team and their talented colleagues with deep experience across their core markets. Building on its established, market-leading position across the public and private sectors, CONET has an exciting period of growth ahead which we are delighted to support.”

Financial terms of the transaction are not disclosed. Completion of the transaction is subject to clearance by the relevant antitrust authorities

About IK Partners

IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 155 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit: www.ikpartners.com.

About CONET

"Success. Our passion.“ CONET has been a reliable and highly competent IT partner for SAP, Infrastructure, Communications, Software and Consulting with the focus on Cyber Security, Cloud, Mobility and Data Intelligence since 1987. According to the latest surveys, CONET ranks among the best medium-sized German IT consulting companies. Customers from industry and commerce, the public as well as defense and security sectors alike value CONET‘s commitment to quality and success. CONET currently employs more than 1,000 business and IT specialists at 13 locations throughout Germany, Austria and Croatia.

Please direct any enquiries to:

CONET Technologies Holding GmbH
Simon Vieth, Press Officer
Humperdinckstraße 1
53773 Hennef
Germany

Phone: +49 2242 939-246
Fax: +49 2242 939-333
E-mail: presse@conet.de

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