CONET an IT consulting firm backed by private equity firm IK Investment Partners is to acquire Karlsruhe-based ISB AG.
Having both been successful individually in the IT services market for more than 30 years, the two companies will now benefit from complementary services and customer relationships, particularly in the public and automotive sectors. The acquisition of ISB AG was supported by IK Partners, CONET Group’s majority investor.
Financial terms of the transaction, which is subject to legal and regulatory approvals, have not been disclosed.
