SNP Schneider-Neureither & Partner SE has signed an agreement today to acquire 100 percent of the shares in Datavard AG. The software and consulting company, with around 170 employees, specialises in transformations and data management in SAP landscapes and generated total revenues of around €17.6m and EBIT of €1m in the 2020 fiscal year. The initial consolidation is expected to take place on 1 August 2021.
Datavard supports companies in migrating to SAP S/4HANA, modernising their analytics and data warehouse landscape, and carrying out mergers and acquisitions, carve-outs, and company splits. It also offers solutions for data lifecycle management, business intelligence and analytics, and innovative cloud connectivity solutions that enable SAP customers to use SAP data in applications for artificial intelligence, machine learning and the Internet of things.
The acquisition plays an important role in the implementation of SNP’s platform strategy, which allows companies to generate maximum value from their data transformation using just one software solution.
Michael Eberhardt, CEO of SNP SE, said: “With this acquisition, we are expanding our software portfolio to include Datavard’s solutions in the areas of SAP data management and analytics. In both the software and the consulting business, the two portfolios complement each other perfectly. Until now, SNP and Datavard have acted as competitors and partners in the market; in the future, we will use the newly gained strength from the merger of both companies to serve our customers and partners even more comprehensively.”
Gregor Stöckler, co-founder and CEO of Datavard AG, will join the board of managing directors of SNP SE as the new chief operating officer. He will be responsible for the USA and UK&I sales regions, as well as globally for analytics, platform strategy, technology partners and partner marketing. He added: “We are very pleased to now be a part of the market leader for data transformation software solutions in the SAP world. It opens up many new opportunities for our employees, customers and partners. Together, we will be able to support our customers and partners in their digital transformations even better.”
