KPMG Deal Advisory (“KPMG”) acted as exclusive financial advisor to the shareholders of circular Informationssysteme (“circular”), a Stuttgart-based IT services provider, on the sale of the company to teccle group (“teccle”), a Germany-wide full-service provider of IT solutions for medium-sized companies. The transaction has already been completed.

Rüdiger Kolp, founder and CEO of circular, commented: "Over the past three decades we have successfully built up an IT services provider focusing on security and networking solutions. In order to serve our customers’ continuously growing demand, we have been looking for a partner who allows us to realise this potential while maintaining our high standards with regard to customer and employee satisfaction. With teccle we are pleased to have found an ideal strategic partner.” The strategic importance of the transaction is further underscored by Klaus Kaiser and Markus Wolf, co-founders and Managing Directors of teccle, who said: “The acquisition of circular perfectly complements our existing portfolio and therefore represents a significant milestone in our growth strategy.”

The transaction highlights once again KPMG’s in-depth M&A expertise in the telecommunications, digital infrastructure and IT services sector in Germany.