Wittenstein acquires Baramundi Software AG
Wittenstein SE has just acquired the entire share capital of Baramundi Software AG. The acquisition will strengthen the mechatronics corporation, headquartered in Igersheim (Germany), with strategically important competencies as the Group treads the digital transformation path.
Baramundi Software AG – at home in the Bavarian city of Augsburg – was established in the year 2000. It is a young and highly successful company with steady sales growth exceeding 20 percent in the last few years and meanwhile employs more than 140 people. As a supplier of client management software, it provides a very attractive basket of software and data expertise.
“Baramundi Software AG is a world-class company that will bring us significantly closer to our grand vision of ‘Industry 4.0’. The acquisition will have a positive impact on our efforts to strengthen our technology base, especially when it comes to the networking capabilities of our products and solutions in the field of drive and measurement systems”, said Dr. Dirk Haft of the Wittenstein SE Management Board. “It is our firm conviction that the interplay between Industry 4.0 capable products, secure and intelligent communications between the installed products and the operators and our ability to generate relevant information and know-how from the available data will form a suitable basis for creating added value and new business models.”
As part of the Wittenstein Group, Baramundi Software AG will nevertheless continue to exist as a successful and independently operating business entity. “From our point of view, Wittenstein SE is an ideal partner which not only lives by the same values but which – as a German mid-market company – is also familiar with, and understands the needs and wishes of our customers. Our growth strategy to date has the full and absolute support of Wittenstein SE, and we can continue to move forward with internationalization and product diversification activities”, adds Uwe Beikirch of the Baramundi Software AG Management Board. “We believe that valuable synergies will be created for both companies and that we have the right partner at our side to conquer the new markets opened up by the Internet of Things and Industry 4.0.”