Norvestor partners with glueckkanja, a leading provider of Microsoft public cloud and cybersecurity managed services
Norvestor IX SCSp (“Norvestor IX”), has signed and closed an agreement with PRIMEPULSE SE to acquire the majority stake of glueckkanja AG (“glueckkanja” or “the Company”), a leading Cloud Managed Service Provider in the Microsoft ecosystem. The Company’s unique combination of standardized cloud managed services (Managed Workplace, Managed Azure), its own Cloud Security Operations Center (Managed Security) and its own technologies and SaaS solutions (Companion products) makes glueckkanja one of the leading Microsoft Public Cloud Partners in Europe.
The Company has been recognized multiple times as a Microsoft Worldwide Partner of the Year, most recently in 2024 and holds the Microsoft Verified Managed Extended Detection and Response (MXDR) certification. Headquartered in Offenbach, Germany, with 180 talented employees, glueckkanja has been growing rapidly supporting its customers throughout the DACH region. Looking ahead, the Company plans to expand its presence into the Nordics and further European markets, through organic growth and strategic acquisitions. In 2023, glueckkanja generated close to EUR 30 million in sales with industry leading profitability margins.
"On behalf of glueckkanja, I would like to extend my deepest gratitude to our dedicated employees whose hard work and commitment have been instrumental in our success. We are excited to join forces with Norvestor and look forward to leveraging their expertise in successfully developing IT services business models to accelerate our growth and expand our presence in new geographies", says Christian Kanja, Founder and CEO of glueckkanja.
"Norvestor has a long and successful history of investing in IT services companies and has been searching for a pure-play public cloud player targeting the highest growing market segments. We are extremely impressed by what the glueckkanja team has built and very enthusiastic about the opportunity to partner with such an innovative and entrepreneurial business. With its exceptional talent base and unique set of services, the Company is ideally positioned to address the strong expected growth in public cloud and cybersecurity markets and to expand to new geographies, including the Nordics where Norvestor has a particularly strong presence in the IT services industry”, says Fredrik Gyllenhammar Raaum, Partner at Norvestor Advisory.
Following the acquisition, Norvestor became the largest shareholder in glueckkanja, alongside the Company’s management and key employees.
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For further information:
Fredrik Gyllenhammar Raaum, Partner, Norvestor Advisory
Mobile: +47 93032846
E-mail: fgy@norvestor.com
Anton Oliver, Investment Director, Norvestor Advisory
Mobile: +49 17622621867
E-mail: amo@norvestor.com
Christian Kanja, Founder & CEO, glueckkanja
Mobile: +49 15118226058
Email: christian.kanja@glueckkanja.com
About glueckkanja - glueckkanja, a renowned Cloud Managed Service Provider, is a Microsoft partner offering comprehensive cloud solutions. With a unified blueprint approach, glueckkanja uses Infrastructure as Code to transition and support customer infrastructures to the cloud. The service offerings include workplace integration and management for Microsoft 365, Azure infrastructure modernization and management, and 24/7 managed security services via its Cloud Security Operations Center. Read more at www.glueckkanja.com
About Norvestor - Norvestor is a leading private equity company focusing on mid-market buyouts in the Nordic region and beyond. The team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics, having executed 92 investments with more than 475 add-on acquisitions, in addition to executing 61 exits, including 16 IPOs. The Fund seeks to invest in growth companies in the Nordic mid-market that have the potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries or by geographic expansion. Read more at www.norvestor.com