Hamburg-based X1F takes over the Accantec Group with SANCOVIA

Hamburg — The X1F Group has acqui­red the accan­tec group as part of its growth stra­tegy. The accan­tec group has been opera­ting for over 20 years as a specia­li­zed consul­tancy and IT service provi­der for busi­ness intel­li­gence, data science and enter­prise soft­ware solu­ti­ons with a parti­cu­lar focus on SAP, Micro­soft, Jedox, SAS and IBM. 

Head­quar­te­red in Hamburg and with bran­ches in Frank­furt am Main, Colo­gne, Heidel­berg and Berlin, the accan­tec group employs over 70 BI experts who are active in deman­ding BI and data science projects. In addi­tion to archi­tec­ture design, advan­ced analy­tics and data warehousing, the range of services also includes the deve­lo­p­ment of cloud plat­forms on AWS, Google Cloud and Azure as well as compre­hen­sive mana­ged services — espe­ci­ally for custo­mers from regu­la­ted indus­tries such as banking, insu­rance, phar­maceu­ti­cals and healthcare. 

With this acqui­si­tion, X1F is expan­ding its service port­fo­lio in a stra­te­gi­cally rele­vant growth area.

The X1F Group unites specia­li­zed IT and consul­ting units under one roof to provide compa­nies with holi­stic support in their digi­tal trans­for­ma­tion — from stra­tegy to tech­ni­cal imple­men­ta­tion, with a clear focus on quality, inno­va­tion and sustainability.

Advi­sor: As exclu­sive M&A advi­sor, Sanco­via initia­ted the tran­sac­tion and provi­ded compre­hen­sive support to the X1F Group throug­hout the entire process.

About SANCOVIA

We are an owner-mana­­ged, exclu­sive and inde­pen­dent M&A mid-market consul­tancy with ten offices in Zurich, Düssel­dorf, Frank­furt am Main, Munich, Ravens­burg, Leip­zig, Madrid, Amster­dam, London and Warsaw. We have a unique hands-on part­ner approach, seeing oursel­ves as a part­ner to the entre­pre­neur and remai­ning at their side until the desi­red success has been achieved. 

We speak the language of entre­pre­neurs and inves­tors and provide the top quality services that you would other­wise only get from large consul­tancies and the Big 4 for our medium-sized clients throug­hout Europe. —www.sancovia.com