M&A May 2024

Ufenau Capital Partners acquires IPP Group

Ufenau Capital Partners has acquired IPP Group, a leading German engineering services provider for infrastructure and energy projects, headquartered in Kiel. IPP has been a leading engineering company in Northern Germany since 1988. With over 150 professionals spread over 8 sites, the Group has established itself as a leading player in its relevant markets and is focused on the delivery of all planning and surveillance phases of critical infrastructure projects, such as road renovations, water and wastewater systems, and hydrogen plants. IPP has a broad base of public sector customers, leveraging its strong track record and relevant technical credentials.

By partnering with Ufenau, IPP intends to expand its current strong position in existing markets through organic growth and will continue to invest in the expansion of its service offering, employee recruitment, and digitalization. Furthermore, in a highly fragmented market with strong demographic trends and high demand for succession solutions, IPP will accelerate organic growth via selective acquisitions.

Harro Possel, Managing Director of IPP: “Over the last 30 years we have built IPP with a clear dedication and focus on our customer’s needs. With Ufenau, we have found a strong partner to further develop our Group and play an active role in consolidating the market for infrastructure focused engineering services. This partnership will ensure continuity for our customers and employees.”

Ralf Flore, Managing Partner at Ufenau, says: “IPP has built an excellent reputation and expertise in the engineering sector. We are convinced that IPP, with its strong management team and professionals, is the ideal platform for further growth in this dynamic market. We are looking forward to supporting the company in its next phase of growth.”

Sancovia initiated the transaction and advised the buyer throughout the entire transaction process.

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