Elvaston exits Habel in €10m deal

Beta Systems acquired the group through a newly founded subsidiary called Proxess Holding.

The CEO of Beta Systems previously owned a minority interest in the group, but sold it as part of this transaction. Several vendors have reinvested in the new company and Beta Systems now holds 85% of shares in the group.

The acquirer plans to strengthen its data centre intelligence unit's product portfolio.

Habel's revenues reached €9.5m in 2018, up from €7m in 2015. EBITDA was €1.1m in 2018.

Previous funding
Elvaston acquired a majority stake in Habel Group using funds from Elvaston Fund II in 2016.

The company bolted on Rengsdorf-based Akzentum in 2018.

Company
Habel offers document management software products Habel DMS and Proxess DMS, which allow customers to archive documents and workflows, and digitalise and automate processes. Based in Rietheim-Weilheim, the company employs 90 people and was founded in 1991. The group's 2,600 customers are mainly SMEs in Germany, Austria and Switzerland.

People
Beta Systems Software – Armin Steiner (CEO).
Habel – Martin Fecker (managing director).

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

• Topics
• Exits
• DACH
• Technology
• Germany
• Trade sale