abas Software has announced two significant M&A milestones it achieved in the fourth quarter of 2021, including the acquisition of abas system GmbH, a value-added reseller of abas ERP serving northern and central Germany, as well as the creation of Forterro Bulgaria Ltd, which will function as a regional service centre for abas ERP customers with operations in eastern Europe.
abas Software GmbH attained 100% ownership of abas system in a transaction that closed in December. Headquartered in Berlin, and supported by a secondary location in Steinhagen, abas system operates as an exclusive value-added reseller for abas ERP. With the acquisition, abas Software further expands its presence in northern and central Germany and gains nearly 40 product experts, as well as a loyal customer base of more than 100 manufacturing companies.
abas establishes regional service hub in eastern Europe
The creation of Forterro Bulgaria follows the integration of a minority owned abas partner in Bulgaria. All employees will move directly into abas to build a wholly owned subsidiary that is directly servicing and supporting abas ERP implementations that extend from DACH into eastern Europe.
The regional service hub in Bulgaria will support the company’s drive to better align its direct international operations with those of its customers, as well as provide increased capacity to support abas customers in Germany with a talented and experienced nearshore team.
“We need to be where our customers are and where they want to go,” said Richard Furby, general manager of abas Software. “Bulgaria presented the perfect location to support them, given its proximity to customer sites, as well as the product expertise and language skills of the team there. Opening this hub is a huge step forward in our strategy to provide a more consistent customer experience around the world.”
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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