Göttingen - 2/9/17

Sycor is seeking a suitable investment partner to continue pursuing its growth objectives

Dr. Marko Weinrich and Rüdiger Krumes, CEOs of the Göttingen-based full-range IT service provider SYCOR GmbH, together with Sycor management and the owner Professor Hans Georg Näder (Ottobock Group), have decided to find a strategic investment partner for the further growth of the Sycor Group.

Sycor Logo

The sole shareholder Professor Näder intends to sell his shares to an investment partner that fits Sycor's goals and culture.

Sycor's current structure is being maintained and only its ownership is changing. The current Sycor management will continue leading the company going forward.

"We want to pursue our growth strategy with a suitable partner, continuing the successful further development of the Sycor Group in the interest of our employees and customers," Dr. Marko Weinrich emphasizes.

Sycor has around 450 employees at the Göttingen location. Overall the company employs more than 650 people worldwide. Sycor generated sales of EUR 71.7 million in 2016.

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About Sycor:

The Sycor Group is a full-range IT service provider with more than 650 employees around the world. With headquarters in Göttingen and further locations in Germany, Austria, America, and Asia, the company has an international presence. Sycor supports customers with custom IT services and solutions for all corporate divisions along the entire value chain, integrating individual solutions harmoniously into existing ones or setting up completely new infrastructure and application landscapes. Sycor implements and operates cloud, on-premise, or hybrid solutions according to customer requirements.

Its own solutions, vertical add-ons, and all services in the area of SAP ERP and Microsoft Dynamics 365 are just as much a part of the selection as quality-assured solutions and services for IT outsourcing, Customer Relationship Management (CRM), and Enterprise Content Management (ECM). This broad know-how also includes unified communications, software asset management, licence procurement optimization and software lifecycle management, security and networks, Industry 4.0, Internet of Things (IoT), and Big Data. Sycor also implements professional online solutions in the field of business-to-business and business-to-consumer applications with ERP or CRM integration.

Sycor GmbH maintains a quality management system certified in accordance with DIN EN ISO 9001. ISO 27001 certification confirms a robust information security management system. Furthermore, Sycor is a Gold-Level Channel Partner, Hosting Partner, and Partner Center of Expertise of SAP Deutschland SE & Co. KG. As a Microsoft partner the company is a Cloud Solution Provider and Strategic Development Partner for the areas of leasing, trade, service, and maintenance of mobile goods and fleet management. Sycor's expert knowledge in the areas of professional services and manufacturing has made the company a member of the Microsoft Dynamics Industry Partner Program (EMEA). Various gold and silver competencies represent the broad expertise in the Microsoft environment.

The Sycor Group generated sales of EUR 71.7 million with an average of 560 employees in 2016.

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Sven Frenzel

Sycor contact

Sven Frenzel

Chief Marketing Officer

Phone +49 551 490 2024

Fax +49 551 490 232024

SYCOR GmbH

Heinrich-v.-Stephan-Str. 1-5

37073 Göttingen

Phone +49 551 490 0

info@sycor.de

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