Latest News  

Allgeier SE acquires two thirds of the shares of iQuest after agreement signed this month

Technology group iQuest and Munich-based international technology group Allgeier SE. signed a definitive agreement in which Allgeier acquires two thirds of the shares of iQuest.

2018-08-30 12:48:38

iQuest continues to be run independently and will collaborate closely with the Allgeier Group to consolidate its presence in Europe and extend to other markets, such as the USA, while further developing its software services and solutions portfolio. Consultancy company Deloitte assisted on the transaction.

"With Allgeier, we have found a strong international partner for the further strategic development of iQuest. Allgeier's global reach provides us with very promising opportunities for expansion and rapid growth. This acquisition is part of our long-term strategy and supports us in reaching our vision to enable our clients to accomplish unique success with iQuest's outstanding delivery of innovative solutions", said Jürgen Samuel, CEO of iQuest Group. "Together, we will have a much broader geographical coverage, excellent market and customer access, and a broader range of expertise. We will also be able to offer a wide range of additional services to our clients, as well as creating new career opportunities for our people."

"We are very pleased to have gained iQuest as an outstanding partner and many excellent new colleagues to accelerate the joint growth of our software development business. This transaction marks another important step to continue the internationalization of our Group and to further expand our competence in the development of complex software solutions for business-critical enterprise processes", said Carl Georg Dürschmidt, CEO of Allgeier SE. "We are convinced that not only both sides but above all our customers will benefit sustainably from this step."

"The long-term partnership with Allgeier is a strategic step which will enable iQuest to expand its services and global presence in the years to come. It is a partnership with a strong, resourceful team we came to respect and trust. As the founder of the company, I am extremely pleased to contribute sowing the seeds for a future growth of iQuest in line with our vision and values. On a more personal level, 20 years after founding iQuest, I am happy to keep contributing as a shareholder to the partnership that we launch today ", said Cornelius Brody, Founder of iQuest Group.

iQuest is an international IT services and solutions provider with more than 20 years of experience in delivering an extensive portfolio of personalized software solutions, products and integration services. By successfully combining technical expertise and excellence in services, iQuest brings long-term value to leading companies in Life Sciences, Telecom, Financial Services, Transport and Energy. Headquartered in Germany, iQuest has local teams in Romania, Poland and Switzerland, currently employing more than 650 people.

Allgeier SE is one of the leading IT companies for digital transformation. The Munich-based Group has locations in 23 countries on five continents and over 9,000 employees worldwide, including 5,500 high-end software developers and more than 1,000 SAP and Microsoft consultants at locations all over Europe, USA, Mexico, Japan, Australia, India, Singapore, Malaysia, Vietnam and China. Some of the world's largest companies, including Siemens, GE, Intel, Google, IBM, Lufthansa, Pfizer, Allianz, AT&T, Audi, BMW and Daimler, benefit from the Allgeier Group's entire IT service spectrum, from onsite to nearshore to offshore.



0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Cushman & Wakefield Echinox: StreamWIDE joins the new IT hub created in the Timpuri Noi Square project

StreamWIDE, a company specialized in the software and telecommunications industry, realocates its office in Bucharest in the Timpuri Noi Square project, joining the new IT hub created in the business park devel

 Read Full article »
CBRE: Office deliveries expected to bring new stock of 635.00 sqm, Bucharest to reach 3.9 mln sqm modern office spaces

During 2020–2021 to approx. 635,000 sqm of modern office space are expected to be delivered on market, increasing the Bucharest modern stock at approx. 3.9 million sq m, a step closer to a new a threshold and

 Read Full article »
Uber opens at Bucharest the largest support center to drivers and business partners in CEE

Uber company launched this week in Bucharest the largest center in Central and Eastern Europe that offers assistance to drivers and business partners in Romania, a center where they can contact directly Uber re

 Read Full article »
Samsung and Orange Romania activated the 5G VR Live streaming at Untold Music Festival in Romania

Samsung Electronics and Orange Romania have successfully deployed a 5G New Radio (NR) network to demonstrate a series of 5G use cases at Untold Festival 2019, the largest annual dance music festival in Romania,

 Read Full article »
MVP Lab in Sibiu named as one of Europe's best in the "Ones to Watch" list at European Business Awards

Ropardo MVP Lab has been named as ‘One to Watch' in Europe in a list of business excellence published by the European Business Awards, one of world's largest and longest running business competitions.

 Read Full article »
Endava marks one year since IPO

Endava, one of the most important software companies, present on the local market with 7 delivery centers, reaches an almost double capitalization, 2.07 billion USD, on July 26, 2019, one year after listing. Th

 Read Full article »
Infosys opens cyber defence centre in Bucharest

Infosys, a global leader in next-generation digital services and consulting, announced the launch of its Cyber Defence Centre in Bucharest, Romania. The Defence Centre is an expansion of services delivered thro

 Read Full article »
QuEST Global completes integration of IT Six Global Services

QuEST Global, a global product engineering and lifecycle services company, has successfully completed the integration of IT Six Global Services SRL. QuEST Global acquired IT Six, a software engineering services

 Read Full article »
RE MAX Romania opens three more offices

RE/MAX Romania has expanded its network, adding three new offices – RE/MAX Partners in Cluj, RE/MAX Quality in Sibiu and RE/MAX Prestige in Targu Mures.

 Read Full article »
Microsoft and OpenAI form exclusive computing partnership to build new Azure AI supercomputing technologies

Microsoft Corp. and OpenAI have partnered to further extend Microsoft Azure's capabilities in large-scale AI systems, according to a release of Microsoft.

 Read Full article »
 
 
 
MOST READ ARTICLES
» Matthieu Pasquier is the new CEO of So...
» KPMG study: Big data needs a big re-th...
» Four companies represent Romania in De...
» IBM & financial service industry sign ...
» Exclusive OT: GRS to grow 50% in 2016 ...
» Having a say in the world of the busin...
» GovITHub community says it ends its co...
» Innovation, digitisation, integrated a...
» Genpact's COO: Staying ahead of the cu...
» The office market at a glance: The rou...
 
EDITOR CHOICE
Workplace of the Future conference to take place on November 20th at Bucharest

The Diplomat-Bucharest together with Outsourcing Today organize the 3rd Edition of WORKPLACE OF THE FUTURE, on 20th of November 2019, in Bucharest, at Capital Plaza Hotel.

 Read Full article »
Strategic Talent Acquisition at People Empowering Business Forum on October 30 in Bucharest

Latest trends like demographic upheaval, globalization, digital technology, and changing social values and worker expectations, are disrupting business models and radically changing the workplace. These are req

 Read Full article »
Informal IT School and UiPath launch an educational program for RPA development to start in October

Informal IT School announced a partnership with UiPath to launch an RPA development educational program of five months, 100 hours of courses, five days a week. The program will run in Cluj-Napoca.

 Read Full article »
Impact Hub Bucharest joins 3house to manage three coworking spaces in the city

Impact Hub Bucharest, a coworking spaces manager and developer of accelerator programs and events merged with 3house, a new concept of workplace launched in 2018. By this, Impact Hub reaches 3 locations and 6.7

 Read Full article »
JLL: Total office space in Bucharest to reach 3 million sqm

The second quarter of 2019 reconfirmed the increased interest for the office market in Romania. Over 115,000 square meters of office space were leased over this period at the national level, a value similar wit

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events