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Tuesday, November 29, 2022

Again new owner for former Linz Catalysts

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Angelica Harwell
Angelica Harwell
I am an author and journalist who has written for 24 Hours World. I specialize in covering the economy and write about topics such as finance, banking, and economic development.
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The previous majority owner, Deutsche Beteiligungs AG (DBAG), intends to complete the sale of Cloudflight to Partners Group in the next four months. This was announced by Cloudflight today, Tuesday. DBAG will remain on board as a minority shareholder through its DBAG Fund VII. There was no information on the reasons. The Swiss gave the company value at around 400 million euros.

The Partners Group, headquartered in Baar, has specialized in the further development of companies and asset management. Around 131 billion euros are currently being managed worldwide, it is said. From the new owner, Cloudflight expects “a presence beyond the German-speaking region,” says Roger Kehl, head of around 1,000 employees at Cloudflight, who recently turned over 80 million euros.

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The software development and IT consulting company was formed in 2019 from the merger of Catalysts and the German market research and consulting company Crip Research.

Catalysts, in turn, was founded and built up in Linz in 2005 by Christoph Steindl and Christian Federspiel. The IT company’s customers include voestalpine, the Austrian Ski Association, Linz’s Kepler University and A1. Co-founder Steindl died in August 2021 after a long and serious illness. Cloudflight has locations in Upper Austria in Linz, Hagenberg, Ried im Innkreis and Perg.

Source: Nachrichten

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