Business Services
ASERVO Has Been Acquired by knowmad mood
Published May 6, 2024
SEATTLE, WASHINGTON – May 6 – Meridian Capital LLC (“Meridian”), a leading independent middle market investment bank and M&A advisory firm, is pleased to announce the acquisition of one of its clients, ASERVO Software GmbH, (“ASERVO” or the “Company”) by knowmad mood (“knowmad mood”).
ASERVO, based in Munich, with a turnover of €14.3 million in 2023, has more than ten years of experience in enterprise software development and is a partner of leading manufacturers Atlassian, Gitlab and Sonatype. Its team specializes in process migrations, installations and operations, especially in CI, CD and DevOps, and offers expert technical support and additional end-to-end services such as consulting and training. Since its foundation in 2004, ASERVO has been working with more than 150 customers, mainly in Germany, Austria and Switzerland.
knowmad mood is a leading technology consultancy firm in digital transformation solutions. With this purchase, the Spanish firm lands in Germany, a market with high potential, and strengthens its position in the German market ALM and DevOps. In addition, with this new milestone, it is making progress in its international expansion process, which is part of its 2021-2024 strategic plan, initiated in recent years with the opening of office hubs outside Spain and the acquisition of the British technology consultancy firm New Verve Consulting in 2022.
Patrick Ringland, Principal and Managing Director at Meridian, stated “Richard, Rainer, and their team bring decades of experience in enterprise software development and partnerships with leading manufacturers like Atlassian, Gitlab, and Sonatype. It was a pleasure to represent them during this transaction, and we look forward to ASERVO further strengthening its position and continuing its growth in the DevSecOps sector as part of knowmad mood.”
Richard Mayr, founder, and former CEO of ASERVO, said “I’m convinced that ASERVO has a great future ahead. The past 20 years have been a great experience, and I’m excited we found the right partner with knowmad mood for the opportunities ahead. Meridian has helped us significantly manage the acquisition from all aspects.”
Rainer Heinold, ASERVO’s newly appointed CEO, said “The entire team is excited to represent knowmad mood in the DACH region. The interaction and access with our new colleagues and the existing solutions of knowmad mood based on 30-years of history will allow us to grow ASERVO into a key player in all German speaking countries for all aspects of DevSecOps. Meridian’s experience and professionalism successfully guided us through the M&A process, ensuring a seamless negotiation phase.”
José Manuel Rufino Fernández, President and CEO of knowmad mood, said “With the acquisition of ASERVO, we are strengthening our global capabilities in the ALM and DevOps world and fulfilling our strategic goal of entering the German market, and from there Switzerland and Austria, with a company with €14.3 million in revenues in the last year, with whom we expect to achieve very important all-around synergies from the very first minute. We are also confident that the cultural fit between the two companies will be excellent, enabling us to quickly generate business synergies for both companies. For all these reasons, we are delighted to welcome all the professionals that make up ASERVO to our company.”
Meridian Capital served as the exclusive financial advisor to ASERVO on the transaction, and Lupp + Partner served as legal counsel. PricewaterhouseCoopers served as financial advisor and legal counsel to knowmad mood.
Members of the transaction team:
Patrick Ringland
Principal & Managing Director
[email protected]
(206) 224-6155
Judy Xiao
Sr. Analyst
[email protected]
(206) 321-1811
For more information, please contact:
President, Managing Director
About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
