Goldenhill International M&A Advisors announced that it advised CONET Technologies AG (“CONET”), a leading provider of technology services and products to the public sector in Germany, on their sale to private equity investment firm HIG Capital (“HIG”).
HIG Capital acquired a majority stake in CONET which is headquartered in Hennef, Germany. The CONET management team, headed by CEO Anke Höfer, will continue to lead the company.
Founded in 1987, CONET offers a range of services and solutions in software development, SAP consulting, IT infrastructure and IP-based communications. The company is a highly reliable partner to many German and Austrian blue-chip customers in the public and private sectors.