Concentro finds new investor for ORDA Technologies
Munich — ORDA Technologies GmbH, an innovative technology start-up from Munich, had to file for insolvency proceedings in May 2022. With the support of Concentro Management AG, insolvency administrator Henrik Brandenburg found a competent investor to ensure the continuation of the company’s technology.
ORDA Technologies GmbH, founded in 2018, has focused on the digitalization of the catering industry with the app of the same name and has developed a complete solution for catering businesses. In doing so, ORDA offers the end user the option of both pre-ordering meals in participating restaurants for pickup and ordering digitally in the restaurant itself and processing the payment cashlessly. Furthermore, ORDA offers an in-app marketing platform for better customer retention as well as the possibility of selling off remaining stock.
The Concentro transaction team around Lars Werner (Partner), Andreas Jaburg (Project Manager and Principal) and Sönke Storm (Senior Consultant) was exclusively mandated as sell-side advisors. Despite the still partly tense market situation in the catering industry, it was possible to sell the assets of ORDA Technologies GmbH to GastroSoft GmbH, founded by Mr. Timur Türel, in an investor process and thus find a sustainable solution for the technology. GastroSoft is a provider of POS systems and POS software and now serves 7,500 customers in the restaurant, retail and other industries.
GastroSoft GmbH, based in Krefeld on the Lower Rhine, takes up the ideas of the company’s founder as a new investor and merges “ORDA” while preserving its economic independence. “We are very pleased that we were able to find a solution for ORDA and that we can now integrate them into our network. Of course, we already have many innovative plans for the future,” emphasizes GastroSoft’s Managing Director, Timur Türel.
“I am very pleased that, despite the challenging market situation, we have seen great interest in ORDA and have been able to accomplish a transferring reorganization within a short window of time,” said insolvency administrator Henrik Brandenburg.
Concentro’s transaction team adds, “The investor solution around Timur Türel and GastroSoft GmbH proved ideal for the acquisition of ORDA during the process.”
Concentro Project Team:
Lars Werner (Partner), Andreas Jaburg (Principal), Sönke Storm (Senior Consultant)