Menu

Apr 2019

Written by

Mountain Partners

Kärcher acquires Service Partner One

The takeover by the medium-sized company Kärcher, which sells cleaning equipment and generated sales of 2.5 billion euros last year, is an accolade for the Berlin-based software provider. With the new owner, the company wants to expand again, according to the old investors. Kärcher, which otherwise sells mainly cleaning equipment, plans to set up a digital platform around the business of the Berlin-based company.

Service Partner One’s customers include well-known companies WeWork and Redbull, according to its homepage. According to German startups, the company is expected to have generated mid-six-figure sales per month by 2018. Current sales figures are not known.

 

Especially in the initial phase since its foundation in 2015, the startup was regarded as one of the hopes of the Berlin scene. The well-known Swedish investor EQT and financiers such as Earlybird, Vito Ventures and 500 startups put several million into the growth of the company. The Rheingau Founders incubator started the company four years ago. Now the future is secured with the new prominent buyer.

 

You can find the complete article at this address (German).