Göttingen - 11/8/18
Merger instead of sale – Sycor considerably strengthens its market position
The two globally active IT firms Sycor and Allgeier Enterprise Services, part of Allgeier SE, are planning a merger.
With over 1,500 employees and an expected sales volume of more than EUR 220 million in 2018 overall, the two companies are significantly improving their future prospects in the market by joining forces. The portfolios of the two companies perfectly complement each other to successfully assist customers, mainly midsize enterprises, in their digital transformation with innovative IT solutions. Business will continue to be conducted from the headquarters in Göttingen under the "Sycor" brand. Sycor's owner Professor Näder is hereby terminating the selling process and taking Sycor to the next evolutionary level through a merger.