Livingstone has advised PSG Procurement Services GmbH and its previous owner, WV Energie AG, on the sale of the company to the french EPSA Groupe.
PSG Procurement Services is the leading e-procurement service and solution provider in the DACH region for tail spend procurement (often also referred to as “c-parts purchasing”). 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 cooperated for many years for the benefit of their joint customers.
Michael Kofler, Managing Director of PSG Procurement Services GmbH: “The successful sale of PSG to EPSA underlines the relevance that the solutions and services developed by PSG as a B2B e-commerce pioneer have meanwhile reached. As part of EPSA, we see ourselves in an excellent position to take our company in an increasingly globalized procurement process to the next level. We would like to thank Livingstone Partners in person of Michael Westhoven and Frederik Schreurs for their intensive and professional support during our M&A process.”
Heinrich Bettelhäuser, CEO of WV Energie AG: “I think we have realized the market potential for tail spend e-procurement earlier than many other market participants, and based on this with PSG we have succeeded in writing a real success story. As a Germany focussed energy group going forward, however, we were no longer the right owner for PSG. Accordingly, I am also personally very pleased that with the support of Livingstone Partners, with EPSA a new owner has been found who is well placed to continuing this success story.”
Michael Westhoven, Partner at Livingstone Düsseldorf adds: “As part of our e-commerce advisory practice B2B commerce is of high relevance for Livingstone and due to our industrials heritage is literally part of our DNA. We are therefore very pleased that with PSG we have been able to support one of the pioneers and market leaders in this field with its sale to EPSA Groupe.”