Nord Holding's PDS acquires TCG

The purchase will see PDS's product range expand into wireless solutions and printer systems. The company is also looking to increase its customer base.

In addition, TCG will have access to the mobile lifecycle management (MLM) technology provided by PDS. Each company's headquarters will remain active and TCG will operate as a separate entity within PDS.

Nord Holding operates an evergreen fund, which is backed by German savings banks, the North German Landesbank, public insurance companies and pension funds.

Previous funding
Nord Holding acquired a 70% stake in PDS Group in September 2006 from MUK Kapitalbeteiligungsgesellschaft, a joint subsidiary of Kressparkasse Köln and Sparkasse Köln-Bonn. The group's general manager retained the remaining shareholding.

Company
TCG is a Norderstedt-based wireless infrastructure specialist. It focuses on long-term projects in the areas of production, transport and logistics. The eight-strong company counts the Heinemann family among its users.

Founded in 1986, PDS provides software for mobile data capture. It has worked on around 300 projects for Mittelstand companies in the last decade, with customers including Hermes Logistik, Tetra Pak and RWE. It claims to have an annual turnover of €10m.

People
Dorian Gensel is investment manager at Nord Holding and adviser to the PDS board. Michael Zitzmann is CEO at PDS.

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