Announced
Financials
Tags
Private
Single Bidder
Merger
software development
Majority
Friendly
Germany
Software
Private Equity
Acquisition
Pending
Synopsis
LEA Partners-backed LANDWEHR Group, a software company, agreed to merge with prosoft Group, an HCM software provider. Financial terms were not disclosed. "By combining the best of both worlds, we take everything to a new, the next level. We are creating perspectives that are truly fantastic. Together we will improve and expand our product line and our market leadership. Our vision is to be the strongest possible partner in every part of an industry that is focused on managing staff and staff hours and has to meet complex legal regulations," Marc Linkert, LANDWEHR Managing Director.
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