Eight Advisory advised TIMETOACT Group on the acquisition of BRAINBITS GmbH

The takeover of brainbits is TIMETOACT GROUP’s fifth acquisition since Equistone Partners Europe acquired a majority stake in June 2021 and marks another important growth step for the group.

TIMETOACT GROUP, headquartered in Cologne, comprises specialised IT companies (ARS, catworkx, CLOUDPILOTS, IPG, novaCapta, PKS, synaigy, target Software Solution, TIMETOACT, Walldorf Consulting and X-INTEGRATE) across 17 locations in Germany, Austria and Switzerland, as well as service hubs in Latvia, Malaysia and Singapore, and a sales hub in the USA. With almost 1,100 employees and a comprehensive portfolio of software and consulting services, the digitalisation expert primarily concentrates on medium-sized and large companies from the industrial, finance and service sectors, as well as public institutions. catworkx, which TIMETOACT GROUP acquired in May 2022, is one of the largest Atlassian Platinum and Enterprise Solution partners in German-speaking Europe, with locations in Germany, Austria and Switzerland. All Atlassian specialisations – “Agile at Scale”, “Cloud” and “ITSM” – are managed under the catworkx umbrella.

Brainbits, also headquartered in Cologne, is an IT consulting company that has been operating for over two decades. With around 70 employees, the company plans, implements and supports individual, web-based software solutions. As a certified Atlassian Platinum Solution Partner, brainbits has been supporting medium-sized companies with the introduction and use of Atlassian products, as well as the implementation of Scrum, Kanban, ITSM and ESM or ISO-based management systems, for many years. The company also advises on digital and agile transformation projects.

“We are pleased to have been able to support Timetoact Group in this strategic acquisition,” said Marc Niclas.

Timetoact Group’s acquisition of Brainbits GmbH demonstrates Timetoact’s continued commitment to growth and providing leading-edge solutions to its customers. This acquisition allows Timetoact to expand its technological expertise and strengthen its position as a leading provider of digital solutions.

Eight Advisory’s involvement in this transaction:

 

• Financial Due Diligence: Marc Niclas, Daniel Martin Vicario and Aurélien Neth
• Tax Due Diligence: Dominik Shmidt