Technology
iteratec expands service chain by acquiring HI NEXT
The project at a glance
Key Facts
Client
Iteratec GmbH
Acquiror
iteratec GmbH
Target
Hillert Next GmbH
Sellers
Christian Ehl
Technology
Vertical
small cap
Deal Size in EUR
Germany
Countries
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2023
Year
“HI NEXT’s services are the perfect complement to our own range. With their expertise and experience in designing digital products, we can now provide our customers with significantly more comprehensive support in the early phases of a digital project.”
Stefan Rauch
Managing Director, iteratec GmbH
Approach
iteratec expanded to offer an end-to-end service portfolio, adding the creation of concepts for digital business innovations.
Challenges
Secure iteratec’s objective to expand its value chain. Financial due diligence plus development of valuation scenarios. Bridge the valuation gap while maintaining the transaction momentum and trust between the parties.
Results
Successful transaction by bridging the valuation gap and maintaining the transaction momentum and trust between the parties. Integration of HI NEXT’s competencies into the iteratec portfolio.
