CENIT AG acquires majority stake in Coristo GmbH


Stuttgart, November 2nd, 2015 – CENIT Aktiengesellschaft has acquired a majority stake in Coristo GmbH, the leading consulting enterprise for SAP product structure management. In this way, CENIT is expanding its competency and solution portfolio for end-to-end SAP ERP/PLM solutions and strengthening its position as a reliable partner to the manufacturing industry for digital transformation in the Industry 4.0 context.

CENIT AG Drives Digital Transformation

For decades, CENIT has been a strong provider of practical uses of enterprise software in optimizing business processes. Delivering innovative solutions to sharpen the competitive edge – for over 25 years, this has been the mission of CENIT’s business model. As partner of Dassault Systèmes, IBM and SAP, CENIT supports clients in implementing digital transformation strategies by providing process and organizational consulting, IT strategy planning, system integration and international rollouts, and operating entire infrastructures. CENIT’s success is based on a combination of sector knowledge, process understanding, deep technology knowhow and extensive practical experience gained in a wide range of projects.

Coristo GmbH has established itself on the market on the strength of its unique competency in the SAP PLM sphere. The Coristo team relies on modern SAP standard software to implement complex requirements in the field of product structure, variant and change management and supports end-to-end business processes along the entire value chain. With their long-standing success record in working with auto makers, suppliers, machine and plant manufacturers and medical technology providers, the Coristo consultants can rapidly separate attainable targets from theoretical daydreams, implementing successful solutions that quickly prove their worth on the ground.

SAP business software is frequently a core component of digital transformation processes within enterprises and plays a major role in implementing Industry 4.0 strategies. Effective immediately, CENIT is also the partner of choice for all matters related to another central consideration of Industry 4.0: The aspect of product structuring. We offer end-to-end modularization concepts for all facets from CAD methodology to functional modeling, application within the logistics chain and spare parts lists for predictive maintenance. The CENIT portfolio thus extends all the way from the early phases of strategy planning to professional operation of the implemented solution.

“In the coming years, digital transformation and mega-topics like Industry 4.0 will be core issues for many of our clients. The 4th industrial revolution holds enormous opportunities – but the challenges for the IT industry are equally enormous. For this reason, CENIT will continue to expand its competency and portfolio to become an even more high-performing partner to our customers. The expertise and portfolio of the Coristo team are an ideal complement to those of CENIT, and enterprise values and culture are likewise a perfect match. We are pleased to be able to strengthen our team with these experts”, says CENIT CEO Kurt Bengel.

“CENIT offers us the ideal framework for continued growth and implementation of large-scale projects. As a small, highly specialized company, collaboration with CENIT gives us the means for keeping up with growing demand. Working with the CENIT team offers us the perfect conditions for becoming even more successful”, say Beate Koch and Oliver Loose, directors and founders of Coristo GmbH.

For further information, please visit www.cenit.com/sap.

Tanja Marinovic
Tanja Marinovic
Marketing/ Investor Relations