Funds managed by Alpina Partners (Alpina) have invested in New Solutions (New Solutions) a provider of software solutions for the digitalisation of business processes on the shop floor.
The founder Christian Ehrenschwendtner will stay on board as a managing director and shareholder.
Since its foundation in 1999, New Solutions has developed into one of the leading providers of software solutions for the digitalization of production-related processes involving employees, production equipment as well as external partners. With the digital shift book “Finito”, the company offers a modular, web-based solution. In addition, New Solutions provides “CheckWare”, a solution for electronic checklists. The product portfolio also comprises “Synoset”, a software for the management of technical assets for medium-sized companies as well as large corporations. Further, New Solutions provides maintenance and individual consulting services. Longstanding customers include leading companies from various industries (e.g. Evonik, OMV, Wacker Chemie), but also small- and medium-sized enterprises.
In the context of “Industrie 4.0”, Alpina’s investment is another step to build a larger group in the shopfloor IT space differentiated by sustainable growth and innovation. The product and service portfolio will be expanded continuously. In addition to organic growth, the group intends to realise selected add-on acquisitions (buy and build). In December 2016, Alpina invested in GefaSoft, a leading provider of MES solutions (Manufacturing Execution Systems) followed by the carve-out of the quality management software division from ASI Datamyte, a leading provider of CAQ solutions (Computer Aided Quality Assurance) in June 2017.
“We are pleased to be able to strengthen our position in the software market with an experienced partner such as Alpina. By expanding the software portfolio, we have the opportunity to offer our customers even more comprehensive solutions and services,” says Christian Ehrenschwendtner of New Solutions.
“The innovative software solutions provided by New Solutions ideally complement the product offering of Alpina’s current portfolio companies in the area of shopfloor IT. We are very happy that Christian Ehrenschwendtner, a true entrepreneur, shares our vision. The add-on acquisition constitutes another important milestone for the expansion of the group in the context of a dedicated buy-and-build strategy,” says Dr Florian Strehle, a Partner at Alpina.
Alpina is an owner-managed, independent investment firm with approximately EUR 300 million in assets under management. The firm focuses on small and mid-sized businesses in Europe with strong technical USPs. Alpina supports entrepreneurs and management teams to implement its growth strategies. Alpina is supported by the European Union through the “Competitiveness and Innovation Framework Program” (CIP).
The transaction was led on behalf of Alpina by Dr. Florian Strehle and Christian Thielemann.
Alpina was advised by AFR Aigner Fischer and AC Christes & Partner.
