Global investment firm Carlyle today announced the completion of its voluntary public cash takeover offer for all outstanding shares of SNP Schneider-Neureither & Partner SE, creating a strategic partnership in support of SNP's long-term growth.

Founded in 1994 and based in Heidelberg, Germany, SNP is a leading global provider of software and consulting services for digital transformation, automated data migration and data management with a focus on the SAP ecosystem. It works with more than 3,000 global customers of all sizes and in all industries, including 20 of the DAX 40 and over 100 of the Fortune 500. SNP partners with 17 out of the Top 20 SAP System Integrators to enable SAP transformations and business agility. The company has more than 1,500 employees worldwide at over 35 locations in 20 countries.

Carlyle will aim to support SNP’s continued growth journey together with management to drive further international expansion, optimize its product strategy, and explore inorganic growth opportunities. Carlyle will leverage its longstanding track record of scaling software companies as well as its global network, deep sector expertise, and institutional scale.

Michael Wand, Head of Europe Private Equity at Carlyle, said: "We are pleased to have closed this transaction and we are excited to partner with SNP's management team and its employees as part of the next phase of their growth journey. Leveraging Carlyle's global platform and financial resources, we will actively support SNP's further internationalization and investment into SNP's next generation Kyano platform.”

The CEO of SNP, Jens Amail, said: “We are confident that Carlyle’s expertise, network and commitment will strengthen SNP and our value proposition for customers and partners. The SNP team looks forward to entering this next chapter with Carlyle as the right partner to support its future development and create sustainable value for all stakeholders.”

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