SWISS IT SECURITY AG TAKES A MAJORITY SHARE IN ALPHABIT
Swiss IT Security AG has taken a majority share in the Wiesbaden-based alphaBit GmbH. alphaBit GmbH is a mid-sized IT Consulting company which operates throughout Germany and has been offering IT infrastructure and security solutions for public services and larger businesses in Germany for around 20 years. IT security solutions are an integrated element of almost all projects. The company currently employs over 100 employees.
Swiss IT Security AG is one of the market leaders in the field of IT cybersecurity services in Switzerland. Since 2002, the company has been looking after numerous renowned clients, including from the insurance, pharmaceutical and retail industries.
Mehmet Gökhan and Michael Wielsch, Managing Directors of alphaBit: ‘In Swiss IT Security AG, we have found a partner which shares our ambitions and which in particular supports our growth strategy. Our common goal is to build up a leading IT security services group with a focus on the German-speaking region.’
CEO of Swiss IT Security AG Philipp Stebler adds: ‘This collaboration has enabled us to take an important step towards the German market and reinforced our regional presence in Germany and increased the range of services offered by the Group. We are looking forward to growing the Group together with alphaBit.’
Sancovia provided support to the buyer in financial due diligence.