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11.05.2022

Merger aimed at expanding CENIT Group competency in SAP solutions

CENIT acquires SAP PLM specialist company Coristo

The acquisition is another coherent, planned milestone in CENIT’s growth strategy: Following the purchase of a majority interest in ISR Information Products AG (200 employees) in April 2022, CENIT acquired Coristo GmbH on May 3, 2022.

Coristo is a proven specialist for the SAP PLM world: For the past 14 years, the company has successfully developed and implemented process and software solutions for core workflows, optimally complementing SAP standards.

CENIT had already acquired a 51% majority stake in Coristo in 2016. Since that time, the Mannheim-based company has operated as an independent entity within CENIT Group. The full acquisition of the company completes a major step by CENIT Group toward a full-range SAP solution portfolio. As before, Coristo will continue to trade under its own name as an independent enterprise.

Clear orientation – focused approach – sales growth

“We are seizing this excellent point of entry to further develop our joint expertise and gain optimum control over our global SAP solutions business”, explains CENIT CEO Peter Schneck. “In the SAP world, the shift toward SAP S/4 and the cloud is in full swing, and we can now offer our clients a far broader portfolio for their transformation processes”.

“The key to successful transformation processes is digital continuity across processes and data flows. The full merger means that our solution competence and best practices will become even more effective within the overall CENIT Group portfolio”, says Beate Koch, Managing Director of Coristo GmbH. “Simultaneously, we will sharpen the Coristo team’s focus on selected core topics to enhance our vertical competency and further increase the added value we offer our customers”, adds Oliver Loose, Co-Managing Director of Coristo GmbH.

CENIT also expects the joint, optimized solution portfolio to generate sales growth and increased EBIT.