BDO advised QITS GmbH on the acquisition of GERMO GmbH
BDO advised QITS GmbH on the acquisition of GERMO GmbH
BDO has advised Borromin and its portfolio company QITS GmbH („QITS“) on the acquisition of GERMO GmbH EDV Beratung und Dienstleistungen, Handel und Vertrieb („GERMO“), a document generation and multi-channel output management software business.
A team from the Deal Advisory division of BDO AG Wirtschaftsprüfungsgesellschaft in Germany, led by Steffen Eube (Partner Deal Advisory), conducted a comprehensive financial buy-side due diligence during the sale process.
QITS was founded in 1998 as an IT service provider. The management has successfully developed QITS into a leading service provider for document management with a focus on Business Process Outsourcing. The QITS Document Platform offers document services with specialised solutions for digitised business processes along the document lifecycle and the legally compliant data exchange of e-invoices. The document services facilitate the digital and physical transfer of documents and sensitive information and support companies in the digitalisation of their business processes.
Since 1996, GERMO has been developing and selling software solutions for document generation and multi-channel output management, complemented by consulting, training and support services. In this way, GERMO helps companies to sustainably reduce costs, streamline and automate processes and to establish process security and control. The company is headquartered in Sindelfingen (near Stuttgart) and is the market leader for output management for the German statutory health insurers.
The BDO team consisted of:
Financial Due Diligence:
A team from the Deal Advisory division of BDO AG Wirtschaftsprüfungsgesellschaft in Germany, led by Steffen Eube (Partner Deal Advisory), conducted a comprehensive financial buy-side due diligence during the sale process.
QITS was founded in 1998 as an IT service provider. The management has successfully developed QITS into a leading service provider for document management with a focus on Business Process Outsourcing. The QITS Document Platform offers document services with specialised solutions for digitised business processes along the document lifecycle and the legally compliant data exchange of e-invoices. The document services facilitate the digital and physical transfer of documents and sensitive information and support companies in the digitalisation of their business processes.
Since 1996, GERMO has been developing and selling software solutions for document generation and multi-channel output management, complemented by consulting, training and support services. In this way, GERMO helps companies to sustainably reduce costs, streamline and automate processes and to establish process security and control. The company is headquartered in Sindelfingen (near Stuttgart) and is the market leader for output management for the German statutory health insurers.
The BDO team consisted of:
Financial Due Diligence:
- Dr Steffen Eube (Partner, Deal Advisory, Frankfurt)
- Felix Fries (Senior Manager, Deal Advisory, Frankfurt)
- Murat Nal (Manager, Deal Advisory, Frankfurt)