LEA Partners invests in HCM Software Provider LANDWEHR

  • 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.”

About Landwehr

LANDWEHR Computer and Software GmbH is a leading provider of special branch software for personnel service companies, event service providers and building service providers, as well as agricultural and trading companies. Active in the market since 1994, LANDWEHR has grown steadily since its foundation and currently employs some 260 people. Headquartered in Wietmarschen-Lohne in western Lower Saxony, the LANDWEHR site is also home to the LANDWEHR academy, the company’s own training center and conference hotel, as well as its in-house day-care center, LANDWEHR Kids & Bytes.

About LEA Partners

LEA Partners is an entrepreneurial-minded multi-stage private equity firm investing in growth technology companies that are driving transformative change in their industries. Founded in 2002, LEA Partners has advised on the investment in several companies. Operating out of Karlsruhe, one of Europe's largest technology clusters, its mission is to fund and support ambitious founders and executives by leveraging them with practical, hands-on growth expertise to achieve market leadership.