March 2, 2020
Technology, Tech-Enabled Services
Mergers and Acquisitions
GCA Advises Diebold Nixdorf on the Sale of Diebold Nixdorf Portavis to Datagroup
GCA acted as exclusive financial advisor to publicly listed Diebold Nixdorf on the sale of a majority stake in Diebold Nixdorf Portavis, a provider of IT services for financial institutions, to publicly listed Datagroup.
Diebold Nixdorf Portavis is a provider of mission-critical application management and IT infrastructure outsourcing solutions for leading financial institutions. Founded in 2005, the company has around 200 employees.
“The acquisition is another milestone in the development of Datagroup. We have gained a company which is very complementary to the existing activities of Datagroup Financial IT Services and brings in highly interesting sector expertise and attractive customer relationships in the challenging financial sector. We expect the acquisition of Portavis to not only yield economies of scale but also lead to a better perception on the market as an important bank-independent provider of operational services for a bank’s IT operations,” commented Max H.-H. Schaber, CEO of Datagroup.