IK Partners

Common values and matching areas of focus form an ideal basis for successful cooperation
in the CONET group of companies.

Hennef, December 15, 2021 – IT consulting firm CONET and the consultants and software developers
of Karlsruhe-based ISB AG will combine their industry expertise, development know-how and
consulting experience in the future. With this step, the two companies that have been successful
individually in the IT services market for more than 30 years, will benefit from complementary services
and customer relationships, particularly in the public and automotive sectors. The acquisition of ISB
AG was supported by IK Partners, CONET Group’s majority investor, with whom CONET is consistently
pursuing its growth course.

ISB AG, founded in 1981, has around 250 employees and specialises in software development and IT
consulting. With the addition of ISB AG, which has its headquarters in Karlsruhe and offices in Berlin,
Mainz and Stuttgart, the CONET group of companies is expanding its market position in key segments
and extending its portfolio of solutions in the fast-growing consulting and service sectors of process
automation, software development and digitalisation in public administration and industry.
Financial terms of the transaction have not been disclosed and the completion of the transaction is
subject to legal and regulatory approvals.

“We have found an ideal new partner in ISB AG,” explains Anke Höfer, CEO of the CONET group of
companies. With their distinctive expertise, especially in the areas of software development and
process consulting, we are complementing our portfolio in a targeted manner and are jointly pursuing
the strategy of further expanding our market position as a valued digitalisation partner.” ISB’s
management team is guided by the same values as we are and has built a strong and innovative
company that always keeps its finger on the pulse of digital development. We look forward to working
with them to develop even more powerful solutions for our customers.”
Ralf Schneider, who has been a member of the ISB AG Executive Board since 2005, adds: “Open and
cooperative partnership, respect, personal responsibility and, last but not least, transparency and a
long-term approach are central cornerstones of our corporate philosophy. CONET Group shares these
guiding principles, which are laid down in its corporate constitution CONET LIFE. This is the ideal basis
for us to create maximum added value for our customers with our deep understanding of processes,
industry knowledge and the highest methodological and technological competence and to offer our
employees excellent prospects. We are looking forward to the future together in a strong group of

About ISB
ISB AG develops customised software solutions in the areas of software engineering and IT consulting.
As an innovative IT service provider, ISB AG has been supporting customers from the fields of industry
and public administration in the implementation of their software development projects for three
decades. Renowned industrial companies, federal, state and local authorities trust the expertise of ISB
AG. The company currently employs more than 250 process specialists, consultants and developers at
five locations in Germany, with its headquarters in Karlsruhe and offices in Mainz, Stuttgart and Berlin.

“Success. Our passion.” CONET is the competent IT consulting company for SAP, Infrastructure,
Communications, Software and Consulting in the focus areas of Cyber Security, Cloud, Mobility and
Data Intelligence. With around 1,000 employees, CONET is one of the best medium-sized IT houses in
Germany. Well-known companies and organisations from industry & commerce, the public sector and
defence & public security have trusted the experts of the medium-sized group of companies since
1987. With its headquarters in Hennef, CONET has thirteen locations in Germany, Austria and Croatia.

For more information, visit https://www.conet.de/DE/conet

About IK Partners
IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH,
France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in
160 European companies. IK supports companies with strong underlying potential, partnering with
management teams and investors to create robust, well-positioned businesses with excellent longterm prospects. For more information, visit www.ikpartners.com

IK Partners
Deekeling Arndt/AMO
Natascha Divac
Phone: +49-162-9981108
CONET Technologies Holding GmbH
Simon Vieth, Spokesman
Phone: +49 2242 939-246

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