Auctus-backed Magellan Netzwerke acquires Solit Systems

The current managing director of Solit Systems will now act as the co-head of Magellan Netzwerke's cyberdefence and operation centre, into which the company's activities and resources will be absorbed.

Magellan Netzwerke was acquired by Auctus in 2016 and became part of Fernao Networks, an Auctus buy-and-build platform. The acquisition was made with equity from Auctus IV, a €230m vehicle that was 70% deployed in October 2018.

The acquisition expands Magellan Netzwerke's security services product portfolio, and, following this transaction, Fernao now employs more than 500 people at 18 locations.

Company
The company is an IT services provider specialising in IT security, data protection and compliance. It is based in Kirchheimbolanden, operates offices in Hamburg and Jena, and generates revenues of less than €25m.

People
Fernao Networks – Nico Birk (managing director).
Solit Systems – Sandro Littke-Wilcken (managing director).

Advisers
Acquirer – Heuking Kühn Lüer Wojtek, Kristina Schneider (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• DACH
• Technology
• Germany
• Build-up
• Buy-and-build
• AUCTUS Management GmbH & Co KG