- Market-leading Human Capital Management (HCM) Software for temporary work and building services providers
- Long-standing management team takes over general management from Landwehr family
- LEA acquires majority stake as part of a succession arrangement
Karlsruhe, Germany, 8th April 2019 – German technology investor LEA Partners, with its LEA Mittelstandspartner Fund and together with the long-standing LANDWEHR management team, has invested in the LANDWEHR Group. The founding family will retain a significant minority stake in the company.
Founded in 1994, LANDWEHR develops and sells highly specialized HCM software products, especially for clients in the temporary work and building services sectors: with more than 2,000 customers it is considered market leader in the German-speaking market. LANDWEHR also offers a tailored industry solution for event service providers with highly specialized personnel requirements. LANDWEHR’s portfolio is completed with software solutions for payroll, salary and financial accounting. In addition, it provides services, training and comprehensive server hosting.
As part of the transaction, the existing management team Marc Linkert, Hubert Obermeyer and Thorsten Temme will step up as general managers and take over from the Landwehr family while making a significant investment in LANDWEHR themselves. Marc Linkert, Managing Director Sales explains: “The expertise and resources provided by LEA Partners will enable us to move the company forward in an important development phase: not only by expanding our existing product and service offering, but also by broadening our industry offering and strengthening our sales and technology organization.”
“We’ve chosen our new majority stakeholder very carefully: LEA Partners has an excellent reputation as a partner to high-growth technology companies,” says Oliver Landwehr. “We are proud having succeeded in putting together a succession plan that strengthens LANDWEHR while keeping its company culture and core values.”
“The Landwehr family, together with the LANDWEHR management team and employees have built up the company in an impressive way over the past few years and developed it into a rapidly growing market leader,” says Sebastian Müller of LEA Partners. “Based on the benefits that LANDWEHR’s fully integrated software products offer to customers, especially in the partially highly-regulated markets, we see substantial growth potential. In addition, various inorganic growth opportunities exist that we want to explore through a selective Buy & Build strategy that we intend realizing jointly with the management team.”