Finexx acquires Sicko

Through a repurchase, owners Carl and Jochen Sicko remain shareholders and will continue to be managing directors.

Finexx used its Finexx Fund I, which closed on €35m in November 2018. This is the firm's second investment after the acquisition of GSE Vertrieb Biologische Nahrungsergänzung & Heilmittel in December 2018. It makes equity investments of €5-20m in companies from a range of sectors.

Following the acquisition, the company plans to continue to professionalise and expand its capacities, workforce and partnerships. Sicko generates sales of more than €7m and expects double-digit sales growth for the current year.

The transaction has already been completed.

Company
Based in Zaisenhausen in Baden-Württemberg, Sicko develops software for the digitalisation and automation of processes in the woodworking industry. The company was founded in 1975 and now employs 40 people. It serves customers in the DACH region and worldwide, including woodworking companies such as sawmills, planing mills and wood-based panels and furniture manufacturers.

People
Finexx – Matthias Heining, Markus Seiler (executive directors).
Sicko – Carl Sicko, Jochen Sicko (managing directors).

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