Benchmark International

Benchmark International is pleased to announce the acquisition of Aberdeen-based Absoft by Seattle-based Applexus.

Absoft, established in 1991, is a SAP Gold Partner consultancy and managed services provider, assisting in the planning, installation, implementation and ongoing support of all types of SAP applications for businesses based throughout the UK and internationally. It works with clients across industries such as oil & gas, manufacturing, rail, and the public sector.

Applexus is a global technology leader specialising in SAP advisory and business transformation services with a strong focus on delivering business value to its clients. It has delivery centres across the US, Canada, UK, India, and Sri Lanka, with over 500 consultants. As part of the new entity, Absoft will assume the lead role for driving growth in the UK and Europe.

Ian Mechie, founder and chairman of Absoft, said: “The Absoft leadership team is delighted to take charge of driving growth for the combined entity in the UK and Europe. Our customers will now have access to a significantly wider range of services across advisory, implementation, and support services for S/4HANA, analytics, private & public cloud, HCM/SuccessFactors, SAP BTP, and other technologies. This also allows all our employees to continue to grow their skills and take forward all the good things we have built so far.”

Sam Mathew, CEO and founder of Applexus, commented: “We are thrilled to join forces with Absoft and grow together as one team. This acquisition aligns strongly with our overall growth strategy and helps us expand our presence in the UK and Europe, a key focus geography for us. Our strong cultural fit and shared values make us ideal partners.”

Keith Davidson, managing director at Absoft, concluded: “Together with Applexus we are able to scale our industry and services footprint while adding complementary IP solutions. We can now offer 24/7 global services when our customers need it while continuing to provide the high-touch service we are known for.”

Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com

Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com

Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com 

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Privately-held M&A Advisor in the World by Pitchbook and Refinitiv’s Global League Tables.