Bautzen-based BIT.Group GmbH and itelligence AG has announce the 100% acquisition of BIT.Group GmbH by itelligence AG. With this acquisition, itelligence reports that it is cementing its position as one of the leading IT service providers in Germany with a strong focus on cloud and SAP managed services.
Herbert Vogel, CEO of itelligence AG, commented: "With the acquisition of BIT.Group GmbH, we are pursuing our proven, successful strategy of being one of the leading SAP partners, particularly for the latest technology and corporate trends."
BIT.Group, established in 2004, stands out as a provider of innovative services for national and international customers. The multi-certified SAP partner has about 380 employees, and offers extensive SAP services - focusing on SAP application management, technology services, application lifecycle management and cloud services.
Norbert Rotter, CFO of itelligence AG, said: "BIT.Group is a strategic cornerstone for expanding our global SAP cloud and managed services. Together with BIT itelligence now has more than 550 employees in Bautzen and Dresden, and we plan to expand both locations further, as well as - prospectively - moving into new, larger office premises in Dresden."
In Bautzen, itelligence already runs several data centres, an additional office building is about to be opened, and a further data center is currently being constructed. itelligence also plans to expand the Dresden location and recruit additional staff.
Lars Janitz, Executive Vice President, Head of Global Managed Services, itelligence AG, stated: "SAP's strategy is intensifying demand for innovative managed cloud services including efficient and scalable application management services. By acquiring BIT, we are cementing our position as one of the leading service providers in this field and emphasizing the importance of our close partnership with SAP."
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