Carlsquare advised DRS Investment on the sale of XELOG to proLogistik
The investment company DRS Investment GmbH sells 100 percent of all shares in the Swiss software company XELOG AG to the logistics software specialist proLogistik GmbH + Co KG in Dortmund.
XELOG AG is a software and consulting company that designs, implements, and maintains solutions for professional warehouse management (intralogistics). Since the acquisition of XELOG AG by DRS in 2018 from founder Armin Töngi and co-partner Peter Duss, XELOG AG has been consistently developed by the management under the leadership of Carsten Pauli. Investments in the product, the German location as well as marketing and sales laid the foundation for future growth.
By selling the company to a strategic buyer with the vision of building a Europe-wide logistics network, XELOG now has the opportunity to realise synergies within the proLogistik Group and to expand further in other European countries. At the same time, XELOG’s customers can benefit from the products and services of the proLogistik Group.
“We are convinced that together with Carlsquare, we have found the right partner for XELOG AG for the next growth phase,” says Dr. Andreas Spiegel, Founder and Managing Partner of DRS Investment.
Managing Director Carsten Pauli adds: “I am pleased that we can make the additional solution expertise of proLogistik available to our customers through its broad network. This will also enable XELOG to focus on and further expand our core competence of developing software-related solutions and their pragmatic application for the customer in the future. The international strength of proLogistik also enables us to drive the internationalisation of our solutions without neglecting the focus on our Swiss home market.”
By acquiring further providers of software companies along the supply chain, the proLogistik group aims to become the European market leader. The aim is to build up a group that will in the future offer all products and services along the entire supply chain from a single source. The parties have agreed not to disclose the purchase price.
Carlsquare acted as exclusive financial advisor to DRS Investment GmbH.