Allgeier SE to Divest IT Managed Services, Refocus on Core Business

Allgeier SE, a Munich-based technology company, has announced the sale of its IT managed services subsidiary, Allgeier IT Services GmbH, to private equity firm Synova. This sale is part of Allgeier's strategic move to concentrate on their core business of software solutions and AI-based platforms for the digital transformation of businesses and public administration processes.

The disposed business, which serves medium-sized clients and records revenues of approximately EUR 50 million, is valued in the upper double-digit million euro range. With this transaction, Allgeier SE aims to enhance its focus on developing complex software solutions, having previously sold its personnel services business in 2024. The sale is expected to close within weeks, marking another key milestone in executing Allgeier's strategic vision.