The Carlyle Group, a US-based buyout firm, has acquired KCS.net, a Swiss enterprise resource planning (ERP) vendor, in an all-cash transaction.
No terms were disclosed.
Founded in 1989, KCS.net sells Microsoft-based ERP solutions and related consulting services, predominantly to medium-sized enterprises in the manufacturing, retail and automotive sectors in Germany and Switzerland. The business has nine offices in Germany and Switzerland, has more than 180 customers and generated revenues of more than EUR17m (US$25m) in 2007.
Wolfgang Hanrieder, co-head of Carlyle's European technology team, said that the unit had acquired and invested in 18 small and medium-sized companies since 2002.
The investment was made from Carlyle Europe Technology Partners, a
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