Magnalia, becomes part of EIM

2023-09-18 18:08:07

EIM is pleased to announce that an agreement to acquire Magnalia has been signed

train (ots) – EIM has signed an agreement to fully acquire Magnalia, a group of specialized interim management providers operating under the Management Angels and Gronova brands in Germany, Switzerland and Austria.

Magnalia was founded in 2016 by Dr. Andreas Suter was founded by a merger of Management Angels and Gronova and, with 40 employees and a turnover of CHF 28 million in 2022, represents a large and important player in the DACH region. With more than 2,500 personally known and highly qualified interim managers, Magnalia offers experts and specialists a wide range of human resources services, from bridging management and project vacancies to managing complex transformation projects and providing entire project teams for temporary assignments.

The takeover of Magnalia (Gronova and management angels) is an important step towards creating clear market leadership in the DACH region and a first strategic step within EIM’s buy-and-build strategy.

Dr. Andreas Suterfounder of Gronova and majority shareholder of Magnalia: “I am very pleased that we have chosen EIM as the new owner of Magnalia. This internationally operating group has a very dynamic corporate culture and is in line with our market positioning of providing a demanding clientele with optimal interim management solutions.”

Esther Kuhnmanaging director of Gronova and Jürgen LeuschelManaging Director of Management Angels: “This strategic decision is a significant step in our growth path and we look forward to combining our strengths with EIM to create further value for our customers and employees. We are excited and proud to be part of it.”

Michele BrunoPresident of the EIM Group: “We warmly welcome the Gronova and Management Angels teams to our group. This strategic acquisition will allow us to further strengthen our leading pan-European market position and add a new team for the Swiss market.”

Dr. Thomas SchneiderManaging Director of EIM Germany: “Magnalia and EIM share a common DNA and have developed similar values. The entire German EIM team is very much looking forward to exchanging best practices with the new colleagues and to continuing the successful growth story together. With the takeover, we are expanding our attractive service -Offer for our clients”.

The transaction was fully supported by EIM’s financial investor idiCo.

Dr. Isa Schulz, Member of the Board of Directors of EIM and Director in the Lower Mid-Cap Team at idiCo: “We are pleased to be able to support EIM in its buy-and-build strategy with our M&A expertise. We are thrilled that we have managed to “To acquire a significant regional player in the Executive Interim Management space in less than a year since our investment in EIM.”

The transaction is expected to close in October 2023 once all outstanding conditions are satisfied.