Waterland launches buy-and-build with acquisition of Netgo

Founders Patrick Kruse and Benedikt Kisner will remain in their positons at the helm of the business and retain a significant stake.

Waterland said in a statement that the IT services market is extremely fragmented with more than 1,000 operators in Germany while the market continues to grow at 10% annually.

The company plans to expand its geographic offering as well as its product offering with Waterland's support.

Company
Netgo was founded in 2007 and provides a range of IT services to its 3,000 customers including hosting, infrastructure, communication and analytics. It employs 350 people at 17 locations.

People
Waterland Private Equity – Carsten Rahlfs (managing partner).
Netgo – Patrick Kruse, Benedikt Kisner (founders).

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• Topics
• Buyouts
• Technology
• DACH
• Waterland Private Equity
• Buy-and-build
• Germany