Martin Cígler, co-owner and chairman of the board of directors of the Solitea holding
Photo: Solitea
Martin Cígler has not yet managed to return from Saudi Arabia, where he traditionally drove at the turn of the year as a photographer and driver of the accompanying vehicle of the famous Dakar Rally, and his Solitea has already made its first major deal in the new year. The technology holding company announced that it had sold the Austrian company JET ERP to the American global player Aptean. According to CzechCrunch, it was a deal worth more than hundreds of millions of crowns. Later, in the Austrian company JET ERP, which provides solutions in the field of information systems for the segment of industrial production and trade, it bought a 100% stake and for the first time went beyond the borders of the Czech Republic and Slovakia. Now the story with the ERP system supplier ends successfully.
“JET ERP is a well-known and renowned company in the German-Austrian-Swiss market and one of the leaders in its field. At the time of the acquisition, it was a very good and strategic purchase. Aptean sees this the same way today and offered a deal that could not be refused. Our investment has appreciated several times, “ Solitey boss Martin Cígler comments on the sale of the Austrian company. Among other things, he wants to use hundreds of millions of crowns to strengthen his position in existing markets and further expand.
spoke a great adventurer last year in our podcast . In the same year, the group’s turnover reached up to 2.5 billion crowns, with Solitea currently operating in almost ten countries and after several last year acquisitions plans to continue to purchase technology companies this year as well. “We can buy well and sell cheaply,” comments Cígler
The latest sales of JET ERP are significant not only from the point of view finance, but also from the buyer’s point of view. Aptean, which has 1,500 employees and around 5,000 customers on several continents, is backed by some of the largest private equity funds in the form of TA Associates and Vista Equity Partners. Solitea also has a strong financial background in the form of the Slovak private equity group Sandberg Capital, with which Martin Cígler continues to develop its activities.
Sandberg Capital’s long-term investment strategy. Success lies in the most efficient distribution of portfolios, which then work in synergy. And then, of course, the ability to flexibly take advantage of a good business opportunity as soon as it appears, “ says Michal Rybovič, Sandberg Capital’s partner, who is the majority owner of Solitea Holding, about the investment.
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