CFI advised Dürr on the acquisition of iTAC Software from an investment consortium led by TVM Capital


München – Dürr AG is one of the leading global players in mechanical and plant engineering with an expertise
in automation processes. The public listed firm operates in 28 countries with a workforce of circa
14,700 people. Dürr offers products, systems and services, that enable efficient manufacturing
processes in various industries. The company generated more than €3.6 billion revenue in 2015,
from which approximately 60% from accounts for automobile manufacturers and related suppliers.
Further, the company’s market segments include mechanical engineering and chemical &
pharmaceutical industries.

iTAC Software AG was founded in 1998 as a spin-off of Bosch’s telecommunications division. Over
the years, the company has equipped 140 factories worldwide in a wide scale of industries, with
cloud-based MES software iTAC.MES.Suite. iTAC’s customer base includes original equipment
manufacturers (OEMs), automotive component suppliers and major manufacturers in the segments
telecommunications, electronics and medical technology. In 2015, iTAC generated a revenue of
circa €15 million.

The acquisition allows Dürr to extend its current activities in the field of Manufacturing
Execution Systems (MES) – the central component of Industry 4.0 and industrial Internet of
Things (IoT). Together with iTACm, Dürr will further develop the existing Dürr MES
software EcoEMOS. MES software integrates machinery and plant production lines with
intelligent networks.

iTAC was acquired during an international M&A auction process, whereby CFI Germany acted as the lead
corporate finance advisor to Dürr. Due to CFI Germany’s outstanding effort and extensive experience,
our client has successfully acquired all shares from numerous venture firms, including, TVM
Capital, Co-Investor, SAP Ventures and Pari Group.

The transaction closed on 3 December 2015.

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