TIMETOACT GROUP Expands to Big Data & AI with JOIN(+) Acquisition

Deal News | Dec 12, 2024 | Equistone Partners Europe

TIMETOACT GROUP Expands to Big Data & AI with JOIN(+) Acquisition

TIMETOACT GROUP, a prominent IT services provider backed by Equistone Partners Europe, has successfully acquired German IT consulting firm JOIN(+), enhancing its capabilities in Big Data and AI. This transaction is part of TIMETOACT's ongoing buy-and-build strategy, aimed at fortifying its service offerings and expanding into new market segments. The acquisition marks the company's third in the past year and tenth since Equistone's majority stake acquisition in June 2021. With operations spanning across Europe, the Americas, and Asia, TIMETOACT focuses primarily on medium to large industrial, financial, and service sectors. Through the acquisition of JOIN(+), TIMETOACT aims to leverage synergies and enhance its digitalization solutions portfolio, further cementing its position as a leader in the DACH region's IT consulting landscape. The leadership of JOIN(+) will remain intact to ensure smooth integration, and both firms anticipate increased efficiency and performance post-merger. Various advisory firms, including AC CHRISTES & PARTNER and McDermott Will & Emery, facilitated the transaction.

Sectors

  • IT Consulting
  • Private Equity & Venture Capital
  • Big Data & AI

Geography

  • Germany – JOIN(+) is a German IT consulting firm which was acquired by TIMETOACT GROUP.
  • DACH Region – TIMETOACT GROUP aims to strengthen its position in the DACH region's IT consulting landscape.
  • Europe – TIMETOACT GROUP, with operations in multiple European countries, enhances its service offerings through this acquisition.

Industry

  • IT Consulting – TIMETOACT GROUP and JOIN(+) are both IT consulting firms; TIMETOACT is expanding its consulting portfolio, especially in Big Data & AI.
  • Private Equity & Venture Capital – Equistone Partners Europe facilitated the growth strategy of TIMETOACT through a buy-and-build approach.
  • Big Data & AI – The acquisition of JOIN(+) significantly expands TIMETOACT GROUP's expertise in Big Data & AI.

Financials

  • Not disclosed – The financial terms of the acquisition of JOIN(+) by TIMETOACT GROUP were not disclosed.

Participants

NameRoleTypeDescription
TIMETOACT GROUPAcquirerCompanyA leading IT services provider focusing on digitalization solutions across various regions.
Equistone Partners EuropeInvestorCompanyA private equity firm that acquired a majority stake in TIMETOACT GROUP to support its growth strategy.
JOIN(+) GmbHTarget CompanyCompanyA German IT consulting firm specializing in Big Data & AI.
AC CHRISTES & PARTNERFinancial & Tax AdvisorCompanyAdvised TIMETOACT GROUP on the transaction.
de Angelis RechtsanwälteLegal AdvisorCompanyProvided legal advisory services to TIMETOACT GROUP.
McDermott Will & Emery Rechtsanwälte SteuerberaterLegal, Antitrust AdvisorCompanyAdvised TIMETOACT GROUP on legal and antitrust matters.
LFK PARTNERLegal, Financial & Tax AdvisorCompanyAdvised the shareholders of JOIN(+).
GROUP BUILDERS HAMBURGM&A AdvisorCompanyAdvised the shareholders of JOIN(+) on the transaction.
Erich AnhutManaging DirectorPersonManaging Director of JOIN(+), overseeing integration into TIMETOACT.
Jürgen LutzManaging DirectorPersonManaging Director of JOIN(+), overseeing integration into TIMETOACT.
Frank FuchsCo-Managing DirectorPersonCo-Managing Director of TIMETOACT GROUP.
Felix BinsackCo-Managing DirectorPersonCo-Managing Director of TIMETOACT GROUP.
Moritz TreudeDirectorPersonDirector at Equistone Partners Europe’s Munich Office.