Deal announcement

goetzpartners advised SNP Schneider-Neureither & Partner SE

01. octobre 2021

goetzpartners advised SNP Schneider-Neureither & Partner SE on the sale of its Polish subsidiary SNP Poland Sp. z o.o. to All For One Group SE

goetzpartners advised SNP Schneider-Neureither & Partner SE ("SNP SE"), a publicly listed world-leading provider of software solutions for digital transformation processes and automated data migrations in the SAP environment, on the sale of its Polish subsidiary SNP Poland Sp. z o.o. ("SNP Poland") to All For One Group SE ("All For One"), a publicly listed leading German-based consulting and IT group.

SNP SE has sold its SAP services business in Poland to All for One Group SE. The consulting and IT group will acquire 51% of SNP Poland Sp. z o.o. with economic effect from October 1, 2021. For the full acquisition, both parties have agreed on a mutual call or put option for 2023; if this option is not exercised, the transfer will take place in 2024. Neither company has provided details of the selling price.

SNP acquired the Polish company in 2017. Currently, more than 400 consultants, project managers, software architects and software engineers work at SNP Poland Sp. z o.o. Its range of services includes the implementation, development and maintenance of SAP systems as well as IT security and software development. In addition, SNP Poland also operates one of the two global Digital Transformation Centers (DTC) near Poznan. All services provided at the Polish DTC will continue to be available to SNP customers. In the first half of 2021, SNP Poland
Sp. z o.o. generated revenues of around EUR 13 million and an operating result (EBIT) of EUR 1.0 million.

“With the sale, we are strengthening our focus on our SAP transformation business,” says Michael Eberhardt, CEO of SNP. “We have had a close business relationship with All for One for many years. Therefore, we are convinced that we have found the right strategic partner for our business in Poland.”

A large number of joint projects and a current success story are proof of the successful collaboration to date. In addition, the sales pipeline for the Conversion/4 subscription model based on the SNP Bluefield approach for moving All for One customers to SAP S/4HANA is continuing to develop well. The sale will further strengthen the regional platinum partnership between All for One and SNP.

goetzpartners acted as sole and exclusive M&A sell-side advisor to SNP SE. This transaction further demonstrates our ability to achieve outperforming results as well as underlines our competence as advisor of choice in the Technology industry, in this case especially goetzpartners’ unique expertise in IT services & business integration in the SAP environment.

About SNP Schneider-Neureither SE
SNP is a world-leading provider of software for managing complex digital transformation processes. Instead of traditional IT consulting in the ERP environment, SNP offers an automated approach using specially developed software: The Data Transformation Platform CrystalBridge(R) and the SNP BLUEFIELDTM approach allow companies to restructure and modernize their IT landscapes much more quickly and securely as well as migrate to new systems or cloud environments more securely. This gives customers clear qualitative advantages while at the same time reducing their time and costs.

Transaction Team

Herbert Werle
Managing Director

Ivo Polten
Managing Director
Email

Matthias Volk
Director

Lukas Niedermeier
Associate