Insights
Benchmark International Successfully Facilitated the Transaction Between Absoft Limited and Applexus Technologies Inc
June 4, 2024
Benchmark International is pleased to announce the acquisition of Aberdeen-based Absoft by Seattle-based Applexus.
Absoft, established in 1991, is a SAP Gold Partner consultancy and managed services provider, assisting in the planning, installation, implementation and ongoing support of all types of SAP applications for businesses based throughout the UK and internationally. It works with clients across industries such as oil & gas, manufacturing, rail, and the public sector.
Applexus is a global technology leader specialising in SAP advisory and business transformation services with a strong focus on delivering business value to its clients. It has delivery centres across the US, Canada, UK, India, and Sri Lanka, with over 500 consultants. As part of the new entity, Absoft will assume the lead role for driving growth in the UK and Europe.
Ian Mechie, founder and chairman of Absoft, said: “The Absoft leadership team is delighted to take charge of driving growth for the combined entity in the UK and Europe. Our customers will now have access to a significantly wider range of services across advisory, implementation, and support services for S/4HANA, analytics, private & public cloud, HCM/SuccessFactors, SAP BTP, and other technologies. This also allows all our employees to continue to grow their skills and take forward all the good things we have built so far.”
Sam Mathew, CEO and founder of Applexus, commented: “We are thrilled to join forces with Absoft and grow together as one team. This acquisition aligns strongly with our overall growth strategy and helps us expand our presence in the UK and Europe, a key focus geography for us. Our strong cultural fit and shared values make us ideal partners.”
Keith Davidson, managing director at Absoft, concluded: “Together with Applexus we are able to scale our industry and services footprint while adding complementary IP solutions. We can now offer 24/7 global services when our customers need it while continuing to provide the high-touch service we are known for.”
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Verwandte Artikel
Benchmark International Announces Tyrus O’Neill as New Chief Executive Officer (CEO) of the AmericasTAMPA, FL – 03/14/2025 – Benchmark International, a leading global mergers and acquisitions (M&A) advisory firm, is excited to announce Tyrus O’Neill as the new Chief Executive Officer (CEO) of the Americas. The appointment is part of Benchmark International’s ongoing strategy to accelerate its global growth and service innovation.Erwartungen für Fusionen und Übernahmen im mittleren Marktsegment im Jahr 2025Jüngste Umfragen haben gezeigt, dass die M&A-Aussichten für das Jahr 2025 den größten Optimismus der letzten Jahre in Bezug auf Geschäftsabschlüsse erkennen lassen. Die 14. jährliche Umfrage der Citizens Bank unter mehr als 400 Führungskräften des Mittelstands und Private-Equity-Investoren in den Vereinigten Staaten ergab, dass ein günstiges wirtschaftliches Umfeld ein Hauptgrund dafür ist, dass Unternehmen und Investoren im Jahr 2025 nach M&A-Strategien suchen werden. Außerdem haben sich die Unsicherheiten der letzten Jahre gelegt, und die Bewertungen werden als stabil oder höher als in den vergangenen Jahren eingeschätzt. Kleinere mittelständische Unternehmen gehen indes zurückhaltender vor, und viele Verkäufer entscheiden sich für den Verkauf eines Teils ihres Unternehmens und nicht für einen Komplettverkauf. Zusammenfassend lässt sich sagen, dass die befragten Entscheidungsträger für das Jahr 2025 ein Wirtschaftswachstum und eine höhere Rate an M&A-Transaktionen erwarten.