Fiducia & GAD IT AG has sold ELAXY Format GmbH to Consileon Business Consult. GmbH
Fiducia & GAD IT AG has sold ELAXY Format GmbH to Consileon Business Consultancy GmbH for an undisclosed consideration.
ELAXY Format was part of ELAXY group, a subsidiary of Fiducia & GAD, until the end of 2015. For nearly 30 years, the group has been one of the most renowned providers of IT solutions for banks, insurance companies and other financial services providers. ELAXY Format develops software for commission settlement and sales management, including the system FiANTEC, which was developed in close cooperation with brokers, banks, insurance companies and real estate agents.
Consileon Business Consultancy GmbH consists of medium-sized, owner-operated management and IT consultancies from five European countries. The group provide strategy consulting including organizational and technical implementation from a single source. Its clients include public institutions as well as regional companies and global corporations, especially from the automotive and financial services industry.
Fiducia & GAD IT AG is the IT service provider of a cooperative financial services network. The company's customer base includes all 1,100 Volksbanken und Raiffeisenbanken in Germany, companies of the corporate financial services network as well as numerous private banks and other industries companies such as ADAC.
Oaklins' team in Germany exclusively advised the seller in this transaction.
Talk to the deal team
Related deals
SAP Landscapes has secured investment from Renatus Capital Partners
SAP Landscapes Limited has secured new investment from Renatus Capital Partners. The investment from Renatus will accelerate SAP Landscapes’ continued expansion, including geographic growth and the broadening of its services, both organically and through potential acquisitions or partnerships.
Learn moreTKC has been acquired by UForm International
Uform International Ltd. has acquired TKC, a portfolio company of NorthEdge, to become the largest specialist supplier to the UK and Ireland kitchen market.
Learn moreNative Communities has been acquired by Greystar Real Estate Partners
Build-to-rent landlord Greystar Real Estate Partners has acquired Native Communities, a living sector and mixed-use management company, from Ares Real Estate. This acquisition strengthens Greystar’s third-party property management capabilities, accelerating its strategy to scale operations across key European markets. The combined business is uniquely positioned to support clients from single assets to complex, multi-country portfolios.
Learn more