Further internationalisation of SHD: Bregal portfolio company acquires leading Italian planning and ERP software provider Tesy

Bregal Unternehmerkapital’s commitment to the enterprise software market continues: SHD AG (“SHD”), which funds advised by Bregal Unternehmerkapital invested into in 2017, has acquired a majority stake in the Italian process planning software provider Tesy Software S.r.l. (“Tesy”). With this acquisition, SHD, based in Andernach, Germany, strengthens its position as one of the leading European providers of IT solutions and services for the furniture and kitchen industries and further expands its geographic presence in the European market.

With a staff of 75, Tesy, based in Treviso, Italy, generates an annual revenue of more than six million Euros. For more than 25 years, Tesy has provided its base of renowned customers in the furniture, kitchen and interior design markets with specialized state-of-the-art planning and ERP software. Following the acquisition, the founders Ennio Zanucco and Francesco Becattini will remain invested in the company and continue to oversee its further growth.

SHD is a specialized international provider of ERP, planning, HR and financial accounting software as well as IT infrastructure. Due to its broad range of IT solutions and services, SHD serves as a one-stop shop for the furniture and kitchen industries, and consequently provides a significant contribution to their digitalisation efforts.

For family investor Bregal, currently also invested in the ERP companies proALPHA, iptor and GUS as well as the ECM company PDV, the further internationalisation of SHD marks an important step in supporting the successful specialised software provider’s growth strategy. Since Bregal’s initial investment, this transaction represents SHD’s third international add-on acquisition in the European market after Netherlands-based Simar and Pragma in France. In addition to organic growth, strategic acquisitions – both in the domestic and international markets – will continue to play a major role in the further development of SHD and the expansion of its leading market position.