Press release

Equiteq advises AI & Automation experts BOYDAK Automation AG on its sale to BE-terna

December 03, 2021

Equiteq is pleased to announce that it has advised BOYDAK Automation AG, the AI and automation experts on its sale to BE-terna, a leading Microsoft and Infor partner.

BOYDAK Automation AG is a leading partner in implementation of process automation solutions with AI and robots. Headquartered in Zurich, Switzerland, the service company works with more than 50 clients from a wide range of industries including banks and insurance companies, pharmaceutical companies, hospitals, industrial groups and public administrations. Working closely with software vendors they deliver pragmatic and scalable solutions for restructuring and intelligent automation of business processes.

BE-terna is a leading European full-service software provider specializing in implementing and optimizing business processes. BE-terna is a Gold Cloud Business Application, Gold ERP, Gold Application Development, Gold Data Analytics, Gold Cloud Platform Microsoft Partner, and a member of the prestigious and elite club of top-performing Microsoft partners worldwide, the Inner Circle. BE-terna serves more than 1,650 customers with over 920 consulting and technical specialists, and 70 partners in their BE-terna partner network.

By joining forces, BE-terna and BOYDAK Automation AG want to sustainably accompany customers during their digital transformation, taking another step towards the move to the cloud.  

Ralph Landolt, Co-Founder of BOYDAK Automation AG, says: "This is a big step for BOYDAK. The merger with a leading business software provider like BE-terna offers enormous development potential, both for our employees in terms of expert knowledge, and for the customers themselves, some of whom are only at the beginning of their digital journey. I see it as an incredible opportunity for BOYDAK to move into exciting new industries and explore new markets. Together with BE-terna even have more power to help customers do more with less. BE-terna is a perfect match to achieve this."

Equiteq acted as exclusive financial advisor.

Regarding Equiteq’s role in the transaction, Selçuk Boydak, Co-Founder and Investor of BOYDAK Automation AG said: “I have been working with Equiteq for more than 10 years and they are always my first choice advisor. In the current transaction again we had a great experience. Equiteq used their exceptional understanding of the automation and transformation consulting market to deliver a smooth and fast-paced process combined with pan-European access and influence; this resulted in securing for us the right fit partner as well as an excellent outcome for myself and ongoing leadership.”.

Jerome Glynn-Smith, Managing Director at Equiteq added: “It was a pleasure to support the BOYDAK Automation sale to BE-terna, resulting in the business joining an ambitious German private equity-backed business software solutions leader. This result reflects how attractive high value specialist consulting in automation and intelligent bot development is at the current time, as the market for these solutions is on the cusp of moving up into further levels of scale and maturity”.

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