03.12.2015

NORD Holding invests in the software company PDV-Systeme GmbH in Erfurt

NORD Holding invests in the software company PDV-Systeme GmbH in Erfurt

As part of the long-term succession plan, a new shareholder group consisting of NORD Holding, Aheim Capital and bm-t will acquire shares in PDV-Systeme GmbH, Erfurt. The company founder and longstanding managing director, Wolfgang Schulz, has handed the management of day-to-day operations to the existing managing directors, Dirk Nerling and Gregor Lietz. Schulz will join the newly created PDV-Systeme advisory board.

"PDV-Systeme has developed over time to become a major player in the German e-government market," Schulz stated on the occasion of the Thuringia-based company's 25th anniversary in October this year. Today the software manufacturer, which has more than 100 employees, is one of Germany's leading manufacturers of systems for electronic process management in the public administration field.

The company founder chose to transfer the Erfurt-based company to a investment company with a long-term orientation within the framework of the succession process. The sale to a new shareholder group took place following a careful selection process. NORD Holding is the largest single shareholder in the transaction carried out by Frank Henkelmann.

The new shareholders are emphasising the long-term development of the Erfurt-based company. The company's leading position in the public administration digitisation market will be consolidated progressively with specialised software products and services. The major market drivers are the digitisation of public administration within the framework of the E-Government Act and the need for greater cost efficiency in administrative processes. To ensure a high level of continuity, the company's daily operations will continue to be managed by the managing directors Gregor Lietz and Dirk Nerling, who have been in the role for two years. Furthermore, Wolfgang Schulz is a member of the newly established PDV-Systeme advisory board, meaning the business will continue to benefit from the company founder's experience.

 

About NORD Holding:

With its 45-year history NORD Holding is one of the leading private equityinvestors for upper mid-sized companies. Their main activity is the structuring and financing of corporate succession models, the acquisition of parts of groups and subsidiaries, and the expansion and financing of SMEs. NORD Holding's investors are several North German savings banks, public insurance companies and pension funds as well as the North German Landesbank.

Unlike most other financial investors, who only manage temporary funds, NORD Holding operates as a so-called "Evergreen Fund" without time limitation, investing from its own balance sheet. This gives the participating companies the opportunity to develop without external pressure and use their growth potential.

The company is currently involved with more than 30 companies in Germany and other German-speaking countries. Through its Funds of Funds division NORD Holding has invested € 500 million in investment companies, particularly in Europe, and thus offers the participating companies an international network.

 

Questions should be addressed to:

NORD Holding Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
T +49 511 270415‐14
F +49 511 270415‐5
E lukas@nordholding.de

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