Lübeck, 17 February 2022 – Possehl Digital GmbH, a subsidiary of the Lübeck-based management holding company L. Possehl & Co. mbH, acquires a 45 % stake in cluetec GmbH. There are put and call options for increasing the shareholding. The contracting parties agreed on this last week. Possehl Digital GmbH was thus able to successfully implement its long-term growth strategy in the first full business year following its foundation.
cluetec, the digitalisation expert from Karlsruhe, has been very successfully positioned on the market with its own software products and services for more than 20 years. Digital transformation, professional portals and mobile apps form the core of the company’s development activities. With the cluetec cloud solutions mQuest® and mQuest® Audit, all types of audits, checklists and quality inspections are digitised cost-efficiently and securely – in line with the cluetec motto: “No Paper – No Excel, 100 % Digital”.
The entry of Possehl Digital opens up far-reaching development opportunities for cluetec. “We have continuously expanded our service portfolio and our customer base in recent years. Possehl opens up further versatile and promising opportunities for our company, particularly in the German mechanical engineering sector and also internationally”, says co-partner and one of the co-founders Karl G. Linder.
Possehl Digital was founded at the beginning of 2021 as the tenth and thus youngest operationally independent division within the Possehl Group. In addition to the lead company Possehl Digital GmbH, the company portfolio includes Possehl Online Solutions GmbH and Possehl Analytics GmbH. “In founding our Digital division and building up our digitalisation expertise in the Group holding company, we have consciously taken into account our strengths, namely our decades of experience in the German SME sector, particularly in mechanical and plant engineering, and their needs and requirements“, explains Dr Joachim Brenk, Chairman of the Executive Board at Possehl and also responsible for the digital development of the Possehl Group.
“I am very happy that we were able to convince the shareholders and management of cluetec of the Possehl Digital corporate concept and the associated development opportunities for the company within the Possehl Group. I am sure that with our experience and our overall concept, we will also be able to inspire other innovative digitalisation companies – whether start-ups or already established companies – around the German SME sector to join Possehl”, says Dr Myriam Jahn, Division Manager of Possehl Digital, delighted about the first investment acquisition. In the future, cluetec will continue to develop and implement its own strategy and at the same time benefit from the strengths of a globally positioned group.
The Possehl Group, which operates worldwide under the leadership of the management holding company L. Possehl & Co. mbH, is a diversified group with currently ten economically independent, decentrally organised business divisions. The Possehl Group comprises L. Possehl & Co. mbH and more than 200 subsidiaries in over 30 countries. In the financial year 2021, the Group achieved a preliminary turnover of EUR 4.4 billion. Possehl currently has around 13,000 employees worldwide.
The company was founded in 1847 by Ludwig Possehl as a hardware store in Lübeck. Since 1919, the non-profit Possehl Foundation has been the sole shareholder. This corporate structure enables the independence of the Possehl Group and forms the foundation for long-term entrepreneurial decisions.
For further information about Possehl please visit http://www.possehl.de
cluetec was founded in 2000 by graduates of Karlsruhe University of Applied Sciences and a Karlsruhe entrepreneur, whose joint vision was to develop apps for the digitalisation of data and processes. Today’s Managing Directors Matthias Helferich, Thomas Rieger and shareholder Karl Linder were also involved.
Using state-of-the-art technologies, cluetec supports numerous companies from a wide range of industries in realising their digitisation strategies. More than 40 experts implement software solutions with the highest security standards according to agile methods.
For further information about cluetec please visit www.cluetec.de
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