IT-Informatik GmbH, a leading IT service company, has acquired the core assets of Ethalon GmbH, a subsidiary of Ludwig Görtz GmbH, in an asset sale. Financial terms of this transaction have not been disclosed.
Ethalon GmbH specializes in a standardized software for personnel planning, specifically designed for the use in the retail market.
With this strategic acquisition, IT-Informatik GmbH expands its services' range in the business unit factor plus, which provides solutions and services for mid-size companies in the production and retail market.
Ludwig Görtz GmbH is a leading shoe retail company with headquarters in Hamburg, which promotes its multi-channel strategy with a rapidly growing e-commerce shop.
Oaklins' team in Germany advised Ludwig Görtz GmbH in this transaction.
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