myneva bolsters its portfolio with DM EDV acquisition
Deal News | Jan 02, 2025 | Summa Equity
The myneva Group, owned by Summa Equity and a leading provider of software solutions in the European social sector, has acquired DM EDV GmbH from ARZ Haan AG, marking its tenth acquisition. The acquisition includes all 65 employees and over 1,500 customers, strengthening myneva's position as a dominant software provider in social care. DM EDV's DM7 software will integrate into myneva's platform by 2025, enhancing its offerings with an AI-driven approach and increased digitalization capabilities. Key leadership transitions include Sascha Platen taking the role within myneva, while former DM EDV head Stephan Pleye will remain with ARZ Haan AG. The strategy involves leveraging technologies to sustainably advance care processes across Europe.
Sectors
- Software and Technology
- Social Care Services
- Private Equity
Geography
- Germany – DM EDV GmbH, the acquired company, is based in Germany, representing a key location in the transaction.
- Sweden – Summa Equity, the private equity firm owning myneva, is based in Sweden.
- Europe – The myneva Group targets the European market, emphasizing its expansion across this continent.
Industry
- Software and Technology – The acquisition involves the integration of software products, such as DM7, and emphasizes the digitalization of the social care sector.
- Social Care Services – myneva Group focuses on providing software solutions for social care, expanding its influence in this sector through strategic acquisitions.
- Private Equity – The acquisition is backed by Summa Equity, a private equity firm specializing in investments in social impact sectors.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| myneva Group | Acquiring Company | Company | A leading European software provider in the social sector, owned by Summa Equity. |
| DM EDV GmbH | Target Company | Company | A German software company known for its DM7 product, focused on the social care sector. |
| ARZ Haan AG | Selling Company | Company | The company selling DM EDV GmbH to myneva Group. |
| Summa Equity | Private Equity Owner | Company | A Swedish private equity firm that owns myneva Group. |
| Sascha Platen | Head of DM Care | Person | Will lead DM Care within the myneva Group following the acquisition. |
| Stephan Pleye | Former Managing Director of DM EDV | Person | Will remain with ARZ Haan AG post-acquisition. |