Allgeier SE Disposes of Personnel Services Business Segment

On 10th October 2024, Munich-based Allgeier SE announced the sale of its personnel services business to emagine GmbH. The unit, under Allgeier Experts Holding, has a revenue of approximately EUR 52 million. Emagine, a consulting firm in IT, business, and engineering, aims to integrate this acquisition into its existing portfolio for sustained growth. The deal awaits antitrust approval and is expected to finalize in the coming weeks.

This move continues Allgeier's transformation into a software and IT services company, initiated in 2021 after the Nagarro SE spin-off. The strategy focuses on digitalizing critical corporate processes through software solutions. The capital from this transaction will support ongoing acquisitions aligned with Allgeier's strategic goals.

Allgeier's public business unit, focusing on IT personnel services for public administration, will remain with the group, leveraging its expertise in open-source software solutions for government agencies.