Acquisition of Technogroup and creation of a global leader in TPM

June 20, 2020 Evernex, a global international provider of third-party maintenance (“TPM”) services for data centre infrastructure, announces the acquisition of Technogroup. It is the leading TPM player in the DACH region. Back in October 2019, 3i invested in Evernex.

Acquisition of Technogroup and creation of a global leader in TPM

As part of the transaction, Technogroup’s management will rollover a significant investment into the combined group. Together with and shareholder Vitruvian Partners, a leading growth equity firm with a global presence. At the same time, 3i will invest €47m additional capital to finance the transaction. With Evernex’s management team also reinvesting €2m. The transaction remains subject to clearance from relevant antitrust authorities.

Technogroup was founded in 1990. The leading TPM player in the DACH region and Poland is headquartered in Hochheim, near Frankfurt, Germany. The tech company is known for its strong brand recognition, best-in-class service, valued expertise in data centre maintenance and value-add services for data centres. It serves over 5,200 customers with 290 employees over 50 service centres in Germany, Austria, Switzerland and Poland. Technogroup quadrupled in size over the past ten years through a mix of organic growth and acquisitions.

With Technogroup, Evernex reinforces its presence in the DACH and Central Europe with a highly reputable team. The combined group is uniquely positioned to assist customers providing a single point of contact on a global basis in datacentre maintenance services. With an especially strong footprint across Europe, Latin America and MEA.

Rémi Carnimolla, Partner, at 3i France: 

“With the acquisition of Technogroup, Evernex reinforces its status as a successful consolidation platform. This is already the second acquisition since October 2019 following Storex in South Africa four months ago.”

Frédéric Chiche, Director, and Marc Ohayon, Associate Director: 

“We are proud to having achieved this transaction. Especially, in the context of the COVID19 pandemic and tight lockdowns in both France and Germany. It is a significant step up to leadership in the sector. And a transformative event in the TPM space.”

Stanislas Pilot, President and CEO of Evernex:

“This combination offers fantastic growth prospects. The new group will have unique capabilities to enter new markets and better serve its international clients and OEM partners. This is thanks to the backing of the 3i balance sheet and the strong performance of Evernex during the current pandemic. It has confirmed the high resilience of the company’s business. And also to Vitruvian Partners’ significant rollover alongside us. We are excited to welcome the Technogroup team to the Evernex family. Moreover, we are confident in both teams’ commitment to excellence to build a solidly integrated group. We do so providing best-in-class services for our customers.”

Torsten Winkler, Partner, and Fabian Wasmus, Partner, at Vitruvian:

“Vitruvian invested in Technogroup in December 2017. Ever since, the business had great fundamentals and double-digit growth. With our backing, the company established itself as one of the European champions in TPM services. This is notable with the three acquisitions that expanded the group’s geographic presence and equipment expertise. We are convinced that joining forces with Evernex will bring tremendous value to both companies. It will also help to build a true global leader.”

Klaus Stöckert, CEO of Technogroup:

“We have a strong fit between our teams at Technogroup and Evernex. Both in terms of strategic sense and common DNA. We are aligned in the strategic ambition to be the single point of contact for our customers and partners. Joining forces, enables us to assist our customers in more geographies. This is thanks to Evernex’s global footprint. And the offering of more equipment expertise. Our teams have known each other for years. We are excited with this opportunity to join Evernex. And to do much more together in the same group.”

About Evernex

Evernex is headquartered in Paris, France. In October 2019, 3i invested in the French IT-company. It maintains over 200,000 IT systems in about 160 countries. With a global network of 34 offices. Evernex is the preferred maintenance partner for multinational companies. And has developed a multi-channel and multi-vendor flexible offering. In March 2020, Evernex acquired Storex, a South African provider of maintenance services for critical data centre equipment. Thus reinforcing its leadership in MEA.

For further information, contact:

3i Group plc

Silvia Santoro Investor enquiries
Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Kathryn van der Kroft Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

Vitruvian Partners

Nadia Preston Investor enquiries
Tel: +44 20 7518 2875
Email: nadia.preston@vitruvianpartners.com

Siobhan Loftus Media enquiries
Tel: +44 20 7518 2800
Email: siobhan.loftus@vitruvianpartners.com

About 3i Group

3i is an investment company specialising in core investment markets in Northern Europe and North America. With two complementary businesses: Private Equity and Infrastructure.

3i’s Private Equity team provides investment solutions for growing companies. It backs entrepreneurs and management teams of mid-market companies with an EV typically between €100m – €500m. They also back international growth plans. And provide access to the network and expertise to accelerate the companies growth across the industries:

  • Consumer.
  • Industrial.
  • Healthcare.
  • Business.
  • Technology Services.

For further information, please visit: www.3i.com

About Vitruvian Partners

Vitruvian Partners is an international growth equity firm. It is headquartered in London. With offices across London, Stockholm, Munich, Luxembourg, San Francisco and Shanghai.

Vitruvian focuses on dynamic situations characterized by rapid growth and change across asset-light industries. Vitruvian funds have about €5bn AUM. Moreover, they backed a number of market leaders in their field. Such as:

  • Just Eat
  • Farfetch
  • Skyscanner
  • Marqeta
  • Deposit Solutions
  • doctari
  • Dental Monitoring
  • Vestiaire Collective

For further information, please visit: www.vitruvianpartners.com.

Regulatory information

This transaction involved a recommendation of 3i Investments plc, advised by 3i France.

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