Munich, January 8, 2018: Nagarro, a division of Allgeier has entered via its subsidiary, Nagarro Austria Beteiligungs GmbH, into a purchase agreement for the acquisition of 100% shares in ANECON Software Design und Beratung GmbH, Vienna. With sales of € 16 million, ANECON is one of the leading software development and consulting companies in the Austrian market. The acquisition is subject to antitrust clearance in Austria and other closing conditions. The execution of the purchase contract is expected in the next four to six weeks.
Driven by global digitization and rapid technological development, there is a high demand for agile consulting, software development and testing services. Topics such as the targeted use of big amounts of data and the inclusion of artificial intelligence mean rapid changes for many business models and IT systems.
In light of these market opportunities, the acquisition of ANECON is a first step in 2018 for a significant expansion.
About Nagarro
Nagarro provides technology services for digital disruption to both industry leaders and challengers. When our clients want to move fast and make things, they turn to us. We combine design, digital, and data to help them outperform the competition. We distinguish ourselves by our agility, imagination, and absolute commitment to our clients’ business success.
Today, we are more than 4500 experts across 16 countries. Together we form Nagarro, the global services division of Munich-based Allgeier SE.
About ANECON
ANECON GmbH is an owner-managed IT service company with headquarters in Vienna and a subsidiary in Dresden. With 20 years of experience, ANECON experts possess extensive know-how of the entire software lifecycle and deliver high quality IT projects to its customers. Approximately 150 employees advise on transformation, develop individual software and ensure security and quality through testing and test automation techniques. To know more visit http://www.anecon.com/.
