Perot Systems has signed a definitive agreement to acquire HighQ-IT for the automotive manufacturing industry. The acquisition is projected to close during the second quarter of this year following approval from the Federal Cartel Office in Germany. No financial details of the acquisition were disclosed.
The Munich-based company, HighQ-IT, is one of the nine special expertise partners in the automotive industry to be globally certified by SAP. With a delivery center in Bratislava, Slovakia, HighQ-IT is an IT innovation partner for select manufacturing industries, with a clear emphasis on delivering IT services in the SAP and enterprise solutions market.
The automobile industry, especially in the U.S.A. and Europe, is facing intense competitive pressures — rising labor costs, shorter product cycles, dropping profitability and rapid growth in emerging markets, and has created a set of enabling factors or drivers that are forcing Original Equipment Manufacturers (OEM) and auto ancillaries to explore outsourcing and offshoring options.
"Thus, with its proven expertise in SAP implementation services, HighQ-IT is an excellent fit for Perot Systems, which will cater to the increasing demands of our clients for enterprise solutions, and significantly enhance our global capacity to deliver them," said Peter Altabef, President and CEO, Perot Systems.
This acquisition furthers Perot's commitment to the German and wider European marketplace, and will enable further growth in Germany, supporting local and global clients by leveraging the combined strength of both companies.
"The good positioning of HighQ-IT in the German SAP market in the sector of manufacturing, especially automotive, allows Perot Systems to significantly improve its own positioning in this environment. Furthermore, Perot Systems increases its chance of also realizing larger projects with a broader delivery basis," commented Klaus Holzhauser, Senior Consultant, Pierre Audoin Consultants.
HighQ-IT was founded in 1989, and brings a strong European presence servicing both global and local clients such as Audi, BMW, Daimler, General Motors Europe/Opel, Gildemeister, OSRAM, Pari Medical and Siemens.
Hans Josef Nagel and Thomas Popp will remain as the managing directors of HighQ-IT, charged with further developing an expanded market presence throughout Europe and delivering expanded value solutions to its clients.
