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New ranks to fill up: KGS' shareholders transferred their shares to Maxburg. [shutterstock: 474636388, hxdbzxy]
[shutterstock: 474636388, hxdbzxy]
Press Release SAP Community

Acquisition: KGS Shareholder Change

In a bid to strengthening the company’s growth and expand its market position, the founders and previous shareholders of KGS, Stephan Grau and Reiner Kraus, transferred 100 percent of their shares to Maxburg in November 2018.

In the wake of the ownership change, Winfried Althaus became the sole managing director of KGS. He has been running the company with his previous executive management colleagues since 2013.

Maxburg Capital Partners is a German investment management firm. The funds advised by Maxburg concentrate on long-term investments in companies. They aim to achieve a lasting and sustainable increase in value.

“Thanks to its corporate culture and business style, KGS fits very well into our portfolio,” explains Moritz Greve, a partner at Maxburg. “Together with the KGS team, we want to continue the development of the company. We also want to seize the opportunity to expand the current KGS customer base.”

KGS provides the technology for SAP-based document management. The company has existed since 2000 and has been SAP’s global outsourcing partner for SAP ArchiveLink interface certification since 2005.

Many companies that use SAP are currently consolidating their IT landscapes in order to set up SAP as a central system. KGS has developed dedicated software tools and end-to-end solutions for SAP-centric IT environments. The SAP archiving specialist has recently made its software available for non-SAP systems to tap into new markets.

Path to success

Graduate engineer Winfried Althaus will be the sole future CEO. He has already been playing a decisive role in shaping the comapny in recent years. Now, he will continue to pave a path to success together with a second-tier management team staffed by experienced KGS employees. Althaus has been building expertise in marketing integrated workflows and document management solutions in SAP and non-SAP environments for over 25 years.

“Maxburg is the ideal partner we were looking for. That’s because they fit in very well with the KGS corporate culture, both in terms of their interpersonal style and their corporate focus,” he explained. “It is the company’s goal to continue to grow with our solutions and concepts, which are successful in the market. However, above all, we aim to open up new business fields on an international scale. Thanks to Maxburg’s support, we are in a good position to make this happen.”

Source:
KGS

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