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August 07, 2024
1 min
IT BUSINESS: TA Associates Acquires Majority Stake in Igel
"The Bremen-based Melchers Group is selling the majority of the software provider Igel to the financial investor TA Associates. The company founders, who are stepping back from operational roles, expect the new owner to continue 'the growth story of Igel.'" - Reports IT-BUSINESS
Founder and longtime CEO Heiko Gloge commented on the transaction in the report with the following words:
"We are convinced that we have found the right partner in TA. TA can bring additional know-how and thus further advance Igel's growth story. This synergy was a very important decision point for us."
The DoubleDigit Group acted as the exclusive M&A advisor for the founders of IGEL Technology in the transaction process.
The full story can be read at the following link: https://www.it-business.de/ta-associates-uebernimmt-bei-igel-die-mehrheit-a-999800/