Translink Corporate Finance in Germany advised SYCOR GmbH on the sale of their subsidiary SYCOR IQ Solutions GmbH (now IQ Solutions GmbH), a renowned company in the field of software asset management, to COHEMI Group GmbH, a consulting company backed by Silver Investment Partners GmbH & Co. KG.

SYCOR GmbH is a leading IT consulting company that offers medium-sized companies holistic IT services and solutions from a single source in three countries and with around 510 employees. Core areas are advisory services, IT consulting, project implementations, managed services, training, project and change management. The company, headquartered in Göttingen, sees itself as a digitalisation and innovation partner that helps its customers to harness the advantages of digitalisation. SYCOR customers benefit from professional strategy, management and process consulting as well as proven technology know-how.

SYCOR’s subsidiary, IQ Solutions GmbH, is a leading consulting firm with an outstanding market position in the DACH region in the area of software asset management and license delivery based on over 25 years of experience. The company’s service portfolio includes continuous support, optimisation and protection of the customer’s software license portfolio, with a focus on mid-sized companies with the incentive to be a “one-stop shop” for Microsoft licensing.

Thomas Ahlers, CEO of SYCOR GmbH, says, “The collaboration with the Translink team was close and successful – we had a very professional interaction throughout the process. Their expertise and willingness to go the extra mile stewarded us to the goal.”

The acquirer in this transactions, COHEMI Group, is a consulting group with a focus on IT, process and organisational consulting. Its operationally active consulting companies comprise almost 100 consultants at four locations in Germany with its headquarters in Frankfurt/Main. The group includes SIRIUS Consulting & Training GmbH, Acuroc Solutions GmbH and IQ Solutions GmbH. The current focus is on IT governance, IT project management, (IT) service management, change management, asset strategy & performance management, data management, software asset management and license management. Continuous expansion of the portfolio is planned.

The COHEMI Group is backed by Silver Investment Partners, an independent equity finance investor for medium-sized companies in Germany, Austria and Switzerland. As an entrepreneurial, experienced and trusted partner, Silver Investment Partners engages in majority and minority interests in companies with revenues between 5 and 100 million euros, with a focus on companies with revenues between 10 and 50 million euros.

Christian Hörner, Managing Partner Translink Germany, says, “At Translink, we like win-win transactions. With this successful deal, our client SYCOR manages to focus on its core service areas, providing high value-added IT consulting services for mid-sized corporates in cloud transformation, D365 implementation and SAP, as well as generating the funds for profitable future growth in its core areas. The COHEMI Group, in turn, manages to further enlarge its activities, allowing it to access a stable and growing business in SAM and software license delivery with a significant portfolio of mid-sized clients.”