Alpina-backed Germanedge buys Objective International

The GP has acquired a 70% stake in Objective, while the management team has retained the remainder.

Objective is joining Germanedge as a result of the investment, a buy-and-build platform managed by Alpina. 

Germanedge, located in Munich, is a larger software group in the shop-floor IT space. The platform currently consists of Gefasoft and New Solutions, bought by Alpina in 2016 and 2017.

Alpina is a technology-focused investor, targeting small and mid-sized businesses in Europe.

Company  
Objective, established in 1996, offers standard software products for the optimisation of production and logistics operations. Its customers include medium to large food and beverage companies, as well as metal processing and machine assembly companies. Objective employs 80 people in its headquarters in Wichelen, Belgium, as well as in Eindhoven, the Netherlands.

People
Objective International – Koen De Clercq (CEO).
Alpina Partners – Sebastian Canzler (partner). 
Germanedge – Christian von Stengel (CEO).

Advisers
Vendors – Deloitte Corporate Finance (financial due diligence); Baker & McKenzie (legal).
Equity – Rödl & Partner (financial due diligence); Watson Farley & Williams (legal).

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• Topics
• Expansion
• Benelux
• Technology
• Belgium
• Build-up
• Germany