Applexus Technologies has acquired Absoft
Absoft
Absoft, a UK-based SAP partner since 1991, offers services around SAP S/4HANA, SAP human capital management (HCM) / SuccessFactors and public cloud solutions, working with clients across industries such as oil and gas, manufacturing, rail and the public sector.
The Deal
Applexus Technologies, a global technology company specializing in SAP consulting, analytics and business transformation services, has agreed to acquire 100% of Absoft. The combination of the two organizations will create a differentiated provider in the SAP space with a comprehensive set of services across SAP S/4HANA, analytics, private and public cloud, HCM / SuccessFactors, SAP BTP and other technologies. It will also provide industry-aligned SAP solutions, S/4HANA implementation accelerators and services for customers in retail, fashion, consumer goods, oil and gas, manufacturing, rail, logistics and the public sector. Additionally, the company will have global delivery capabilities with over 600 staff across the U.S., Canada, UK / Europe, India and Sri Lanka and a complementary set of intellectual property (IP) solutions for SAP customers.
Our Perspective
Sathya Ramanathan, Lincoln International Managing Director who led the transaction, commented, “The successful combination between Applexus and Absoft brings together two firms with highly complementary features and capabilities around geographies, IP and services. Through an expanded suite of relevant offerings and IP, along with a highly skilled global team, Applexus and Absoft are well-placed to grow into one of the leading standalone services platforms in the SAP ecosystem.”
This acquisition aligns strongly with our overall growth strategy and strengthens our presence in Europe and the UK, a key focus geography for us. Our shared cultural values make us ideal partners. We are grateful to Lincoln for their invaluable guidance and expertise throughout this transaction.
Meet our Senior Team
I deliver a hands-on approach to provide strategic advice to my clients throughout the transaction and beyond.
Chris Brooks
Managing Director & Co-head of Technology, Europe
London
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