SNP Schneider-Neureither & Partner SE

Provider of an automated IT migration software and related consulting services for selective data transformation in ERP-related IT landscapes, applied in the context of M&A, carve-outs and divestitures, ERP upgrades, cloudification and others



€ 172m



Date of acquisition

Frankfurt Stock Exchange

(ISIN: DE0007203705)

Stock exchange

Registered office
Heidelberg, Germany
Business Sector

Software-based consulting firm specialised in the transformation of ERP-related IT landscapes

Investment thesis

Our investment thesis is built on several attractive attributes:

  • Attractive end markets with structural growth driven by ongoing SAP transformations (migration to version S4/HANA) and the growing importance of migration and management of data for companies in general
  • Its unique value proposition to deliver complex data transformations faster and at a higher quality than manually executed transformations thanks to its Crystal Bridge software solution
  • General shortage of skilled IT professionals favoring the use of SNP’s software and services
  • Strong potential to further enhance profit margins on the back of a growing software share in the overall business-mix
  • Potential for further internationalization as sales are still concentrated on the DACH region / Europe


  • Strengthening of the Management Board with new CEO appointed 2022
  • Supervisory Board reshuffled since 2021, with Luxempart representative S. Reppegather elected to the Board in 2021

1) as of latest voting rights notification (08/12/2021)