Livingstone advises WV Energie AG on the sale of PSG Procurement Services to EPSA Groupe

  • dec. 2019
  • Media & Technology
  • M&A: Sell-Side
  • Germany
  • Pan-European

Livingstone has advised PSG Procurement Services GmbH and its previous owner, WV Energie AG, on the sale of the Company to French EPSA Groupe.

PSG Procurement Services is the leading e-procurement service, and solution provider in the DACH region for tail spend procurement. With a current yearly turnover of more than EUR 200 million, PSG Procurement Services’ customers include 12 of the DAX 30 companies as well as many other well-known large and medium-sized German corporates.

As a technology-enabled service provider, PSG outsources almost the entire c-parts procurement process for the latter on a global basis. Through the resulting substantial process cost savings, PSG makes a relevant contribution to improving the competitiveness of its customers.

EPSA Groupe is an internationally active, diversified BPO and consulting group that focuses on increasing corporate efficiency. Already before the transaction, PSG and EPSA’s subsidiary ExperBuy have collaborated for many years to the benefit of their joint customers.

Michael Kofler, Managing Director of PSG Procurement Services GmbH, commented, “The successful sale of PSG to EPSA underlines PSG’s status as a B2B e-commerce pioneer. As part of EPSA, we are strategically positioned to take the Company to the next level. We want to thank Livingstone Partners, particularly, Michael Westhoven and Frederik Schreurs, for their professional support during our M&A process.”

I believe we realized the market potential for tail-spend e-procurement earlier than many other market participants. With PSG, we succeeded in writing a real success story,” commented Heinrich Bettelhäuser, CEO of WV Energie AG. “As a German-focused energy group going forward, however, we were no longer the right owner for PSG. Accordingly, I am personally pleased Livingstone Partners sourced a new owner committed to continuing the PSG success story.

Michael Westhoven, Partner at Livingstone Düsseldorf, adds, “B2B commerce is an area of expertise for Livingstone. We are very pleased we have been able to support PSG, one of the pioneers and market leaders in this field, with its sale to EPSA Groupe.

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