DMH acquires WT Systems

WT Systems filed for insolvency in February 2019 and Scultze & Braun was appointed provisional administrator. The company attracted a number of potential buyers in the sales process, according to a statement.

DMH invests the funds of its managing partners and investors, made up of entrepreneurs, families and managers. Its investment focus is on small and medium-sized companies in special situations and has no set holding period.

DMH plans to continue business operations as the business has been operating throughout the insolvency proceedings. The company generates an annual turnover of about €17m. Eighty jobs at the company were lost during the proceedings.

Company
WT Systems plans and implements IT projects and offers consulting services. The company also operates its own logistics network with 10 depots and overnight goods delivery to technicians. The company's central warehouse is in the Rhein area, while its headquarters are in Bad Vilbel. Founded in 1973, the company employs 110 people.

People
WT Systems – Michael Weber, Oliver Weber (managing directors).

Advisers
Vendor – Falkensteg (M&A); Schultze & Braun, Frank Schmitt (legal); Finkenhof (legal).

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