Iptor, the leading provider of cloud-based ERP software solutions for the distribution, publishing and pharma industries today announces the acquisition of TimberTec, a leading supplier of ERP technology solutions to the timber industry.
By joining forces Iptor and TimberTec aim to increase their global footprint in the timber sector, expanding upon TimberTec’s already impressive market share in Central Europe. TimberTec will officially be known as “TimberTec – an Iptor company” and its TimberTec TiCom solution will be immediately available to all Iptor customers. Over the course of the next 12 months Iptor will be rolling out this market-leading proposition not only in Europe but also in the US via the Iptor footprint, with the short-term aim of becoming the number one timber ERP vendor in the Nordic countries.
Iptor will invest significantly in TimberTec, which employs 110 people, and which will continue to operate from their existing headquarters in Eutin, Germany, becoming Iptor’s centre of excellence for the timber industry. Product investment will focus on developing the TimberTec portfolio towards the cloud, where it will benefit from Iptor’s know-how and proven experience, having successfully developed its ERP technology into a cloud-native solution with the launch of Iptor.com in June 2021.
TimberTec founders Andreas Boll and Frank Ridder will remain with the company as Managing Directors responsible for growth and global expansion within Iptor. Together with Jayne Archbold (Managing Partner, CEO, Iptor) and Christopher Catterfeld (Managing Partner, CPO/CMO, Iptor) they will also form the TimberTec Board to support TimberTec on the international expansion and growth journey.
Christopher Catterfeld (Managing Partner, Iptor), said, “Combining our companies signals the start of an ambitious growth plan. With TimberTec’s sector expertise and our existing European and increasingly global footprint and infrastructure, we are perfect growth partners. Jayne and I have long-admired TimberTec – Andreas and Frank have built a great team and culture and we are looking forward to working alongside them to achieve our mutual ambitions.”
Andreas Boll commented, “Our team has helped build a great company over the past 22 years. Looking forward, there are many great opportunities for growth, especially outside Germany, and we believe Iptor is the best partner to help us take advantage of these. Jayne and Christopher believe in what we are doing, we have been very impressed with their customer and people focus and we are delighted to be joining them.”
