The Wuppertal pliers manufacturer Knipex has announced in a press release that they acquired the majority stake in LMIS , an IT service provider headquartered in Osnabrück. Its portfolio includes software development, IT process optimization, application management, middleware integration, and the modernization of existing application infrastructures. Through the acquisition of LMIS, Knipex gains direct access to the competencies available there and can thereby drive forward their digital transformation more effectively. The software developer, on the other hand, will benefit from a direct view of the company’s internal production processes and structures and optimize its own range of solutions accordingly.
Such M&A strategies for acquiring digital literacy have also become more prevalent outside the manufacturing sector. For example, according to a study by Willis Tower Watsons, many insurance companies are planning to support their own digitization through the targeted acquisition of technology and expertise.