TIMETOACT GROUP acquires STAGIL

With acquiring STAGIL, TIMETOACT GROUP consolidate its position as one of the leading Atlassian partners globally.

Cologne/Wiesbaden, 6 July 2023 –TIMETOACT GROUP, a leading provider of IT services for medium-sized companies, corporations and public institutions, is acquiring STAGIL, one of Germany's largest Atlassian Platinum and Enterprise Solution Partners. The acquisition represents a further expansion of TIMETOACT GROUP’s consulting portfolio, managed under the catworkx brand, into a leading partner in German-speaking countries. Björn Frauen, STAGIL’s CEO and Co-Founder, will become Co-Managing Director of catworkx Germany and a shareholder in TIMETOACT GROUP. The parties agreed not to disclose the details of the transaction.

TIMETOACT GROUP, headquartered in Cologne, comprises specialised IT companies across 17 locations in Germany, Austria and Switzerland, as well as in Latvia, Malaysia, Singapore and the USA. With almost 1,100 employees and a comprehensive portfolio of software and consulting services, the digitalisation expert primarily concentrates on medium-sized and large companies from the industrial, finance and service sectors, as well as public institutions. catworkx, which TIMETOACT GROUP acquired in May 2022, is one of the largest Atlassian Platinum and Enterprise Solution partners in German-speaking Europe, with locations in Germany, Austria and Switzerland. All Atlassian specialisations – "Agile at Scale", "Cloud" and "ITSM" – are held by catworkx.

As a certified Atlassian Platinum Enterprise Solution Partner, STAGIL supports companies with the introduction and use of Atlassian products such as Jira, Confluence and Bitbucket. Specialising in agile product development, service management, project management and process digitisation, STAGIL has a strong track record of working with companies from a diverse range of sectors, including automotive, automation, finance, insurance, production, e-commerce, IT service & operations and software development. Its portfolio ranges from requirements analysis for concept and design to configuration, implementation, integration and custom app development, as well as training and daily support.

With around 170 accredited and certified employees and a seat on the Atlassian Partner Advisory Council, this acquisition will see catworkx consolidate its position as one of the leading Atlassian partners globally. The transaction is TIMETOACT GROUP’s sixth acquisition since funds advised by Equistone Partners Europe acquired a majority stake in the business in June 2021.
 

Frank Fuchs and Christian Koch are responsible for the transaction on the part of TIMETOACT GROUP. TIMETOACT GROUP was advised on the transaction by AC CHRISTES & PARTNER (financial & tax), de Angelis Rechtsanwälte (legal), wdp (commercial), P+P Pöllath & Partners (legal), Pinsent Masons (legal, antitrust law) and Goodwin Procter (legal, debt). The STAGIL shareholders were advised on the transaction by Hampleton Partners (M&A) and GvW Graf von Westphalen (legal).