"I’m delighted that we can welcome the Dr. Herwig team in to the Asolvi family. They bring unique capabilities and talent, strengthening our presence in Germany and also opening a new vertical for Asolvi to drive further growth, both organically and inorganically," says Nick Barnett, newly appointed CEO at Asolvi.
Herwig is one the leading German providers of field service management (FSM) software for the utilities sector. It’s modern cloud-native product streamlines the roll-out, replacement, and maintenance of traditional and smart metering devices for gas, electricity, and water, and digitizes the end-to-end operations of local gas market area conversion projects.
The acquisition of Herwig is an important milestone for Asolvi and reflects the company's commitment to expanding its offering to a new vertical whilst consolidating its strong market position in Germany, which is one of its fastest growing markets. The combination of Asolvi's and Herwig’s expertise will enable the company to deliver even greater value to its customers and accelerate the growth of the combined businesses.
On picture: Prof. Dr. Dr. h.c. Volker Herwig und Armin Alt, Managing Director Asolvi DACH.
Volker Herwig says: “We sought a partner to bolster our growth and meet the increasing demands of our customers. In Asolvi, we found the perfect ally – they have a robust presence in Germany, global reach, profound expertise in FSM software, and a nurturing culture where employees thrive. We eagerly look forward to this new chapter and are hugely optimistic about what lies ahead.”
Managing Director of Asolvi DACH region, Armin Alt adds: "We're genuinely impressed by the Dr. Herwig team. As we embark on this new journey together, we're excited to welcome them to Asolvi. By combining our strengths, we believe we can enhance our customer experience and further accelerate Herwig's growth, drawing upon Asolvi's extensive expertise. It's an excellent fit."
Finally, Fernando Piekenbrock of Volpi Capital noted, "Volker has established a remarkable business, offering a modern, feature-rich product and demonstrating profound knowledge in the utility sector. The German-speaking region holds significant potential for Asolvi's future expansion. We see tremendous opportunity in a market that remains on the cusp of full digitization."
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Dr. Herwig GmbH is one of the leading providers of field service management (FSM) software for the utilities sector in Germany. The company was founded by Dr. Karl-Heinz Herwig in 1991. Today the company has 16 employees and is located in Erfurt, Germany.
Asolvi is a leading provider of service management software for small and medium-sized enterprises (SMEs) in the field service industry in Europe, employing more than 160 staff in eleven offices across the Europe and Latin America. The company was founded in 1991 in Trondheim, Norway, and has grown organically and through recent acquisitions to reach 1,800+ customers in 40+ countries. It is headquartered in Trondheim, Norway, and is a private company owned by Volpi Capital, Viking Venture and the Management.