GBC Group Expands with bk systems Group Acquisition
Deal News | Jan 14, 2025 | Pride Capital Partners BV
GBC Group has expanded its operations in northern Germany by acquiring bk systems Group, an IT service provider with over 40 years of experience, focusing on IT infrastructure, printing, digitization, and data protection. The acquisition is supported by Pride Capital Partners and marks GBC Group's ninth purchase, furthering their goal to build a leading managed services group. With 27 employees, bk systems Group will bring its contract-based IT services and strong customer connections to GBC Group. The acquisition is said to enhance the Nordhub Cluster's capabilities, with plans for cross-selling opportunities spearheaded by Alexander Flamboe, former Managing Director of bk systems Group. The move ensures continuity for bk systems Group's employees and customers while providing resources and synergies for growth. Both companies' leaders express enthusiasm for this collaborative growth opportunity.
Sectors
- Information Technology Services
- Private Equity
- Managed Services
Geography
- Germany – The primary geography discussed in the article, with expansions in northern Germany involving the GBC Group and bk systems Group.
Industry
- Information Technology Services – Involvement of bk systems Group as an IT service provider specializing in IT infrastructure, digitization, and data security.
- Private Equity – Pride Capital Partners, a private equity firm, supports the acquisition, highlighting the financial backing aspect of the deal.
- Managed Services – The acquisition focuses on expanding GBC Group's managed services offerings by incorporating bk systems Group.
Financials
- Not Disclosed – Financial terms of the acquisition deal have not been disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GBC Group | Bidding Company | Company | An expanding entity acquiring bk systems Group to bolster its managed services portfolio in Germany. |
| bk systems Group | Target Company | Company | An IT service provider in northern Germany known for managed services and strong customer relations. |
| Pride Capital Partners | Financial Sponsor | Company | Private equity firm financing the acquisition, aiming to support GBC Group's growth strategy. |
| Tobias Geisinger | Managing Director | Person | Managing Director of GBC Group, commenting on the strategic benefits of the acquisition. |
| Jrg Birkholz | Managing Director | Person | Managing Director of bk systems Group, expressing optimism about the partnership with GBC Group. |
| Philipp Urbach | Head of DACH | Person | Head of DACH at Pride Capital Partners, expressing support for the acquisition strategy. |
| Alexander Flamboe | Former Managing Director | Person | Former Managing Director of bk systems Group, focusing on cross-selling opportunities. |