Transaction

Transaction Details

Closed
December 18, 2020

Sector

Technology, Software, Tech-Enabled Services

Deal Type

Mergers and Acquisitions

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GCA Advises Axpo on the Sale of Avectris to GIA Informatik

GCA is pleased to announce we advised Axpo Holding AG on the sale of Avectris AG, an IT service provider for medium-sized Swiss companies, to GIA Informatik AG, a leader in ERP, CAD/PLM solutions and general IT services in the Swiss SME market.

Avectris was a subsidiary of Swiss energy companies Axpo, EKZ and AEW. The firm offers digitalization services along the entire IT value chain including cloud migration services, SAP Consulting, Cybersecurity and Robotics Process Automation.

GIA Informatik, a wholly owned subsidiary of GRAPHA-Holding, employed approximately 135 people prior to the acquisition of Avectris. The company operates two data centers and specializes in developing and operating solutions in the areas of ERP, CAD/PLM and general IT services with its own cloud infrastructure in the Swiss SME market.

Axpo employs approximately 5,000 people and is the largest Swiss producer of renewable energy and an international leader in energy trading and the marketing of solar and wind power. The firm distributes and markets electricity and is active in the energy services business. Axpo develops its innovative energy solutions based on state-of-the-art technology for customers in 40 countries in Europe, North America and Asia.

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