Renzenbrink & Partner advises CONET on the acquisition of ISB

The IT consultancy CONET has just been taken over by IK Partners and is implementing its growth strategy with the acquisition of the software developer ISB from Karlsruhe. In future, CONET and ISB will combine industry expertise, development experience and consulting know-how.

The financial terms of the transaction, which is subject to approval by the relevant antitrust authorities until further notice, were not disclosed.

CONET is a leading IT service and consulting company for SAP, infrastructure, communications, software and consulting in the key areas of cyber security, cloud, mobility and data intelligence. Founded in 1987 and headquartered in Hennef, Germany, the company employs over 1,100 people in 13 branches in Germany, Austria and Croatia.

ISB AG develops customized software solutions and covers the areas of software engineering as well as IT consulting. As an innovative IT service provider, ISB AG has been supporting customers from industry and public administration in the implementation of their software development projects for three decades.

The Renzenbrink & Partner team advised CONET and IK Partners comprehensively on the transaction and consisted of partners Dr. Ulf Renzenbrink, Dr. Andreas Stoll (both Corporate/PE) and Marc H. Kotyrba (Tax/PE) as well as senior associates Alexander Haunschild (Corporate/PE) and Dr. Toufic Schilling (Tax/PE) and associate Jonas Hamm (Corporate/PE).