Equiteq sells SAP data management consultancy to SNP AG
Equiteq, a consulting sector M&A specialist, is pleased to announce the sale of Harlex Management Ltd (“Harlex Consulting”) to SNP Schneider-Neureither & Partner AG. Equiteq acted as exclusive financial advisor to Harlex Consulting. The transaction completed on October 1, 2016.
Founded in 2010, Harlex Consulting was recently named in the Sunday Times Hiscox Tech Track 100 listing of the fastest growing private technology companies in the UK and it is a gold service partner of SAP. The company specialises in helping clients to define and drive clear business advantage through data transformation and data governance. The firm uses a proven in-house best practice methodology to lead and deliver the migration of business critical data within M&A, carve out and systems implementation.
“The clear focus on corporate IT transformations as well as the structured project approach make Harlex Consulting an ideal partner: SNP will gain access to a highly trained team of experts in the field of SAP data migration. Harlex Consulting also possesses an impressive customer base and extensive project experience. Furthermore, the acquisition will enhance the SNP Group’s presence in the British market. The cooperation offers significant synergy and sales potential,” says Dr. Andreas Schneider-Neureither, CEO SNP AG.
Gabriela Silvestris, Director in Equiteq’s London office, commented, “It has been an absolute pleasure to work with the shareholders of Harlex Consulting. In such a short space of time, they have built a remarkable leadership position in the industry which is clearly underpinned by their key competencies and methodologies in SAP data migration and management.”
Ben McGrail, managing director of Harlex Consulting, said “We are delighted to be joining the SNP group. This deal will greatly enhance the services we can offer our clients and provide the springboard for growing the SNP business in the UK. We are very pleased with the outcome of the transaction and are grateful for Equiteq’s invaluable support throughout. Gabriela’s guidance, professionalism and M&A expertise was fundamental in finding the right partner for us and then structuring, negotiating and successfully completing the deal.”
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