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Forterro Announces Acquisition of German ERP Vendor abas Software AG

abas Software AG

Austin, TX and Karlsruhe, Germany, June 25, 2019—Forterro, a group of European ERP software companies, backed by Battery Ventures, today announced that it has entered into a definitive agreement to acquire abas Software AG, a privately held ERP vendor, headquartered in Germany, with subsidiaries and partners in 27 countries.

abas was founded in 1980 and provides a complete ERP portfolio to 4,000 mid-market manufacturing and distribution businesses around the world. Today the company employs 450 people.

“abas is an important strategic milestone for Forterro, as it marks our eighth European ERP software acquisition, and our initial entry into the German market, Europe’s largest manufacturing economy,” said Jeff Tognoni, CEO of Forterro. “With the acquisition of abas, we gain a strong product and brand, a large and loyal customer base, and a talented team of product and market experts—all qualities that abas shares with Forterro’s existing businesses. We are extremely excited to begin working more closely with the abas team to elevate abas’ status as an international leader in manufacturing ERP.”

The acquisition follows a series of strategic product initiatives and management hires at abas, focused on expanding the company’s cloud offering, establishing a greater ecosystem of products around the core ERP solution offering, and introducing vertical SaaS products. It is expected that the acquisition will give abas the opportunity to expand its ecosystem and international presence further, while improving the time to market of new and improved products and services by leveraging the resources, expertise, and capital of both the group and its sister companies. Baris Ergun, CEO of abas, pointed out:

“Digitalization and the Internet of Things have started to disrupt both business models and processes of our customers in an unprecedented fashion. In the past two years, we have built the technological foundation and a whole ecosystem to meet the rising demand through IOT-enabled value chains and increasingly mobile users. The deal with Forterro will accelerate our ability to roll out these new offerings to more markets, while leveraging local synergies with other ERP vendors from the new group. We are excited to become a member of the Forterro family.”

“Forterro is the perfect partner for abas. We share the conviction that local vendors understand the needs of local businesses best. For our team, our partners, and our customers in the local markets, this is good news,” commented Werner Strub, co-founder and long-time CEO of abas.

The transaction is subject to approval by German antitrust authorities.

Board Advisors Deutschland AG acted as M&A advisor and Friedrich Graf von Westphalen as legal advisor to abas Software AG.

About Forterro

Forterro is a group of companies that deliver ERP software to SMEs in specialized geographical or vertical markets. Headquartered in Austin, TX, and backed by global investment firm Battery Ventures, Forterro operates business units in Sweden, Switzerland, France and Poland, as well as regional office locations and research and development centers around the world. Through its ever- growing ecosystem of IP and capital, Forterro collaborates with local management teams to strengthen the solution offerings and operational performance of its portfolio companies. For more information, visit www.forterro.com.

About abas

Since 1980, abas has helped production-related companies around the world create change and profit from digital transformation—with our advanced ERP software, smart business process consulting, and the deep expertise of our employees and partners. All business areas profit from our broad product portfolio which, in addition to core ERP functions, also includes a selection of valuable add-on solutions, from APS and BPM to project management and IOT connectivity tools. And thanks to mobile apps, our users have access to their data and processes anywhere and anytime. In various countries, abas ERP ranks among the top five ERP systems for mid-market manufacturing businesses. More than 4,000 companies in 30 countries have chosen abas, and our consistently high maintenance retention rate is an indicator for customer satisfaction well above the software industry average. 

703-444-2500
+43 1 319 15 19
+49 721 96 72 30
703-444-2500
+38 061 21 37 855
+420 241 931 544
+31 (0)85 3033 555
+421 903 717 980
+55 - 11 5054 - 5500
+852-2793-3317
+91 77559 04373
+62 (21) 293 19 366
+603-56124999
++94 76 666 9070
+66 81 6297375
+359 2 423 61 56

Contact

Your consent can be withdrawn at any time by sending an email to [email protected] . We assure you that we will treat this information as strictly confidential and that it will be used by abas Software AG and abas partners only (privacy policy).

North American Headquarters

703-444-2500
abas USA
45999 Center Oak Plaza
Suite 150
Sterling, VA20166

North American Headquarters

703-444-2500
abas USA
45999 Center Oak Plaza
Suite 150
Sterling, VA20166

Infocom Ltd.

+38 061 21 37 855
bul. t. Shevchenko, 56
Zaporozheye
69001

amotIQ sro

+420 241 931 544
Belnická 603
252 42 Jesenice u Prahy

ABAS Business Solutions Nederland BV

+31 (0)85 3033 555
abas Netherlands
Beilerstraat 24
9401 PL Assen

amotIQ sro

+421 903 717 980
amotIQ sro
Palarikova 36
900 28 Ivanka pri Dunaji

SHP Informática Ltda

+55 - 11 5054 - 5500
SHP Informática Ltda
Alameda dos Jurupis, 452, 7°andar - Conjunto 73/74
Sao Paulo - SP 04088-001

abas Business Solutions Limited

+852- 2793-3317
abas Hong Kong
1621, New Tech Plaza
34 Tai Yau Street
Hong Kong

abas Force India Pvt. Ltd.

+91-77559-04373
abas India
303, Aspiro Complex, Opp. Thyssenkrupp,
Pimpri Stn. Road, Pimpri,
Pune 411018

PT. abas Information Systems

+62 (21) 293 19 366
abas Indonesia
11620 Taman Aries, Jakarta barat Jakarta
Grand Aries Niaga G1-2H

Synchro RKK Sdn Bhd

+603-56124999
abas Malaysia
Sunway Geo Avenue,
Jalan Lagoon Selatan
Sunway South Quay,
Bandar Sunway
Subang Jaya Selangor 47500

Providence Global Pvt Limited

+94 770415387
Providence Global Pvt Limited
752/1
Dr De Silva Mawatha
Colombo 09

Wisdom Information Systems

+66-29340451/52/53
Wisdom Information Systems
208/5 Ladprao Soi 126
Bangkok 10310

abas Бизнес Сълюшънс България ООД

+359 2 423 61 56
abas Бизнес Сълюшънс България ООД
жк. Младост 1А, бл.553А, офис 1
1729 София