All for One Steeb AG takes over inside Unternehmensberatung GmbH / Portfolio for digital transformation in HR strengthened
Filderstadt, March 31, 2017 - With its subsidiary, KWP team HR GmbH, Heilbronn, All for One Steeb AG, No. 1 in the German-speaking SAP market and leading IT company, wants to provide comprehensive support to companies in the digitalization of their personnel work. Especially in medium-sized companies, the HR department is to be relieved of the administrative mass business with modern, fast and easy to use HR full service solutions from the cloud and to be supported more specifically in strategic HR topics such as recruiting, personnel development, talent and knowledge management. In this way, the HR department can better fulfill its key role in shaping the digital transformation.
To strengthen its subsidiary KWP, All for One Steeb will acquire all shares in inside Unternehmensberatung GmbH, Oldenburg, with effect from April 1, 2017. inside, founded in 1989, is, like KWP, specialized in comprehensive SAP Human Capital Management Services and has realized more than 400 customer projects to date. The company has 40 employees, is predominantly active in Germany and represents a sales volume of around EUR 8 million. Already around one third of this is accounted for by recurring, cloud-based revenues from Software as a Service and software maintenance, which are growing significantly and ensure high customer loyalty, stable cash flow and healthy profitability. In addition to a one-off payment, the total purchase price for the acquisition of all shares in inside also includes a performance-related component following the conclusion of a three-year earn-out phase. The transaction will be financed from own funds.
KWP and inside complement each other perfectly in terms of customer and service portfolio, culture and locations. In order to strengthen the joint business approach, the two companies are to be merged by way of a merger and, with an excellently positioned management team, will accompany the HR department holistically into the digital age. Managing Directors of the combined company will be Joachim Volpert (previously: KWP) and Dr. Ralph-Peter Rembor (previously: inside). On the side of the sellers, inside founder and majority shareholder Jürgen Schulz will retire. René Schumann and Jörg Schreiber - both like Rembor - partners and managing directors of inside, will strengthen the extended management of the combined company. With a total of around 240 employees and an initial sales volume of around EUR 32 million, the company aims to become the leader in the SAP HR market in the D A CH region with the largest SAP Cloud HR customer base.
"KWP, founded in 1992, and inside have been market companions for 25 years and have repeatedly impressed with forward-looking service solutions around the SAP HR portfolio. The merger therefore offers excellent prospects for customers, employees and partners", Schulz confirms.
Lars Landwehrkamp, CEO of All for One Steeb AG: "The transaction is well prepared. The newly formed team can be formally noted how much they are committed to the joint success. Right from the start, KWP and inside to shape the digital transformation for new and existing customers generate significant added value: probably the most comprehensive HR process and technology know-how for SAP HCM, SuccessFactors and Concur in conjunction with HR best practices developed specifically for small and medium-sized businesses. With this further development of our cloud strategy, we should be able to realize significant growth opportunities over many years".