Thu, 13/12/2018 - 08:39
Private equity company DRS Investment has acquired 100 per cent of all shares of the Swiss software company XELOG AG.
The logistics software specialist has been developing intralogistics solutions for companies in the retail, industrial and logistics service sectors for over 20 years, and is one of the leading providers in Switzerland. With the help of DRS Investment, XELOG intends to move deeper into the German market and expand its cloud computing business. In addition, applications with artificial intelligence (AI) will become more important.
"We are convinced that with DRS Investment we have found the right partner for the sustainable development of XELOG, and that we thoughtfully arranged the succession," says Peter Duss, previous shareholder of XELOG.
Founder Armin Töngi adds: "DRS Investment has extensive expertise in positioning software companies. In addition to technical support in the development of our software, I am pleased that DRS Investment will also support us in the internationalisation process through its broad network."
XELOG, Rotkreuz/Switzerland, was founded in 1996 by IT engineer Armin Töngi. The branch office in Dortmund/Germany was founded in 2015. XELOG designs and develops customer-specific intralogistics solutions and offers support and logistics consulting in addition to its own software products. The core product is the warehouse management system XELOG WMS. The XELOG WMS manages, controls and optimizes all processes in internal logistics. XELOG's customers range from medium-sized companies to international corporations from different industries throughout Europe. Due to their international activities, XELOG solutions are used worldwide.
With the acquisition by DRS Investment, the Cloud Computing segment in particular is to be expanded as well as the "Software as a Service" business (SaaS). XELOG will make its Warehouse Management System (WMS) available in the cloud, making it faster and more convenient at any time. In addition, logistics apps that can be added give customers a high level of flexibility. In the future, the focus will also move to solutions with AI. "AI is now omnipresent in our industry. We want to set the standard in this field and help our customers generate value from their data," says Töngi.
The software investor DRS Investment intends to systematically drive XELOG's business forward by acquiring further suppliers of WMS and software companies along the supply chain. The goal is to establish a software group that will offer software services along the entire supply chain from a single source.
"Small and medium-sized companies in Germany have only digitised a small part of their business processes," says Dr Andreas Spiegel, Managing Partner of DRS Investment. "With XELOG's many years of expertise, we can support companies from retail, industrial and logistics service sectors with customised solutions. To position ourselves on the market in the long term, we want to grow further through acquisitions."
The transaction was led by DRS founder and Managing Partner Dr. Andreas Spiegel, supported by DRS partners Harald Ebrecht and Dr Sven Abels. The parties have agreed not to disclose the purchase price.
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