LINZ, Austria–(COMMERCIAL WIRE)–Fabasoft AG today signed a purchase and participation agreement for the acquisition of a majority stake in Bern-based 4teamwork AG. After full implementation of the contract, Fabasoft AG will hold 70% of the shares in the new Fabasoft 4teamwork AG.
Participation will take place in several steps. In the first place, the indirect acquisition of 21.7% of the existing shares from the previous majority shareholder is planned. Upon closing, a capital increase will take place which will increase Fabasoft AG’s stake in 4teamwork AG to approximately 58.5%.
This will be followed by a merger with Fabasoft Schweiz AG, which in turn will result in Fabasoft AG holding a 70% stake in the new Fabasoft 4teamwork AG.
Closing of the transaction is subject to customary closing conditions and is expected to occur in mid-October 2022. Work is already underway to implement the Closing Conditions.
The former CEO of 4teamwork AG, Dr. Pascal Habegger, will retain a 30% stake in Fabasoft 4teamwork AG and promote further expansion in his current role.
Software company focused on digital transformation in public administration
4teamwork AG was founded in 2003 and has established itself as one of the leading providers of IT services for the public administrations of cantons, cities and municipalities in Switzerland under the leadership of the IT specialist and recognized expert in e-government solutions and in the cloud, Dr. Pascual Habegger.
The company currently has more than 30 employees at three locations and recently achieved a turnover of approximately four million francs.
“Its strong experience in digital transformation combined with local sales and management capabilities make 4teamwork AG the ideal solution partner in the Fabasoft Ecosystem for business activities in Switzerland”, explains Dipl.-Ing. Helmut Fallmann, CEO of Fabasoft AG, who is more than satisfied with the growth potential in the Swiss market with his new strategic partner. Fabasoft is also present in the Swiss cantonal administration with its software products for digital administrative work.
“Fabasoft is technologically and strategically very well positioned and has a strong reputation as Europe’s leading software company and highly certified cloud service provider. Together with the innovative technologies of Fabasoft and the high market presence of 4teamwork, we will be able to perform even better on the Swiss market in the interest of our customers”, says Dr. Pascal Habegger, expressing his confidence in the success of the strategic orientation union. with Fabsoft.
Fabasoft is one of the leading software companies and cloud service providers for the digital management of documents, processes and records in Europe. With a unique and powerful ecosystem, Fabasoft implements business applications and customer-specific industry solutions. Numerous renowned private companies and public sector organizations have relied on Fabasoft’s quality and expertise for more than three decades.