Var Group to Acquire 80% Stake in German Firm Visicon
Deal News | Jun 25, 2025 | Finance Community IT - 1 Corporate M&A
Sesa, a leader in digital technologies, has signed a binding agreement to acquire an 80% stake in Visicon, a German consultancy specializing in SAP and Electronic Data Interchange (EDI) services. This move, executed through Var Group, a subsidiary of Sesa, marks Var Group's first international acquisition in the SAP consulting sector. Visicon's addition will bolster Sesa’s international presence and enhance its service offerings in the DACH region (Germany, Austria, Switzerland), particularly in end-to-end digital process integration for mid-market companies. The acquisition is aligned with Sesa’s strategy to grow its digital competencies and generate sustainable value for stakeholders through strategic mergers and acquisitions. Founded in 1998, Visicon supports medium-sized businesses in SAP and EDI solutions and is expected to close 2025 with revenues of around €5.3 million and an EBITDA margin of approximately 15%. The integration will augment Var Group’s offerings and enable the deployment of Visicon’s solutions across new markets, thereby expanding Sesa’s footprint. The deal exemplifies a strategic push towards international growth and enhancement of digital capabilities, emphasizing the value creation for Sesa's international stakeholders.
Sectors
- Information Technology
- Management Consulting
Geography
- Germany – Visicon is a German company, and the acquisition will strengthen Sesa’s presence in the DACH region, which includes Germany.
- Italy – Sesa is listed on the Euronext Star of Borsa Italiana, underlining its Italian roots and corporate operations.
- Austria – Part of Visicon's operations and the strategic DACH expansion, including Sesa’s business activities in these regions.
- Switzerland – Another component of the DACH region where Sesa aims to enhance its market presence.
Industry
- Information Technology – The acquisition involves companies engaged in digital technologies, system integration, and business applications, key segments within the IT industry.
- Management Consulting – Visicon operates in the consulting sector, providing services related to SAP and EDI, necessary for business process management and integration.
Financials
- 80% – The percentage of Visicon's capital acquired by Sesa.
- €5.3 million – Projected revenue of Visicon for the year 2025.
- 15% – Visicon's expected EBITDA margin for 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sesa | Acquiring Company | Company | Sesa is a leading provider of digital technologies and holds significant market presence with revenues exceeding €3.2 billion. |
| Var Group | Acquiring Subsidiary | Company | A division of Sesa focused on digital integration and enterprise solutions, executing the acquisition of Visicon. |
| Visicon | Target Company | Company | A German consulting firm specializing in SAP and EDI solutions, supporting medium-sized businesses in business process integration. |
| Bernd Brücher | Managing Partner | Person | Co-founder and managing partner of Visicon, involved in the operational integration into Sesa post-acquisition. |
| Simon Greco | Managing Partner | Person | Co-founder and managing partner of Visicon, involved in operational duties as part of the acquisition agreement. |