Buy-Side | Software Development & IT-Services: ARTHOS Advises Data Respons on its Acquisition of IT Sonix and XPURE

Strengthening Data Respons’ position within SW technology, smart embedded solutions and IoT
Data Respons had engaged ARTHOS as its M&A advisor to identify strategic partners. The emphasis was on companies in the software development sector and in the industry for smart embedded solutions and the Internet of Things (IoT)

ARTHOS berät Data Respons ASA bei der Übernahme der IT Sonix GmbH und der XPURE GmbH

Exclusive Financial Advisor
in the Buy-Side M&A Process

In this transaction, ARTHOS acted as M&A advisor to Data Respons, initiating the discussions and managing and executing the acquisition process. This included:

  • Development of the acquisition strategy
  • Conducting a comprehensive screening process
  • Analysis of more than 30 potential strategic partner companies (LOI)
  • Execution of the subsequent M&A process, including financial advisory services as well as coordinating due diligence and contract negotiations
Arne Tödt Contact Image

Arne Tödt

Managing Partner ARTHOS
Expert in Digital Services & Software

The Transaction: Data Respons Acquired Sonix and XPURE

Data Respons ASA has today entered into an agreement to acquire 100% of the shares in IT Sonix GmbH and XPURE GmbH, two R&D Services companies situated in Leipzig with 125 employees. The companies are leading niche providers of specialist services and SW technology (Java, Embedded, Cloud, Data Sience (AI) and agile UXUI) specifically aimed at “Connected Car” solutions, internet of things, mobile services and embedded applications.

Our Client: Data Respons, Norway

Data Respons (1,400 employees and NOK 1.9bn revenue) is a leading technology company delivering R&D engineering services, software and hardware development, smarter embedded and IoT solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defense & Security, Medtech, Energy & Maritime, and Finance & Public Sector. It has offices in Norway, Sweden, Denmark, Germany, France and Taiwan. Since 2020 Data Respons is a subsidiary of AKKA Technologies SE (22k employees and EUR 1.8bn revenue), a globally operating engineering and technology consulting group based in Brussels, Belgium, and listed on the EURONEXT stock exchange.

„With this transaction, we continue to strengthen our presence in Germany, the by far largest industrial market in Europe and a strategically important market for Data Respons. More notably, we continue to strengthen our competence, industry know-how and customer footprint within some of the world’s most dynamic and R&D intensive industries. The acquired companies are deeply involved in the ongoing digital transition for some of the leading automotive brands in Germany.“, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

„I am pleased to welcome IT Sonix and XPURE to the Data Respons family. We are fully committed; to further intensify the partnerships with their clients as well as to foster the agile team spirit and individual expertise of their employees. Together we have good prerequisites to take on larger, ground breaking projects creating smarter digital solutions for the future.“- Kenneth Ragnvaldsen concludes.

Logo Data Respons

Strategic Partner: IT Sonix and XPURE, Germany

About IT Sonix
Founded in 2014 and based in Leipzig, Germany, IT Sonix GmbH is an IT company that specializes in the development of customized software and the adaptation of standard software based in Leipzig.

About XPURE
Founded in 2014 and based in Leipzig, Germany, XPURE GmbH is an IT company that specializes in agile software development for client-server, mobile applications and on-board units based in Leipzig.

„We are looking forward to become part of the Data Respons Group. We share the same culture and technology profile and both companies are working close with our customers to develop innovative solutions. We rely on specialists driven by new technology, accustomed to perform and develop highly complex solutions. Consequently, we are recruiting the best talents and our close collaboration with universities in Leipzig and Halle/Wittenberg will benefit the rest of the Data Respons Group. Joining forces with Data Respons puts us in a better position to take on even more innovative and exciting projects.“, says Dr. Andreas Lassmann, CEO of IT Sonix and XPURE.

IT Sonix Logo & Xpure Logo

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