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Last updateMon, 16 May 2022 12pm
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Canon Germany sells subsidiary cognitas GmbH

Canon Deutschland GmbH has sold its subsidiary cognitas GmbH to the Finnish company Etteplan Oyj. Etteplan's business activities focus on the provision of software and other technical solutions as well as technical documentation - the core business of cognitas.

Canon Deutschland GmbH has sold its subsidiary cognitas GmbH, one of the largest consulting and service companies for technical documentation in Germany. cognitas GmbH was acquired by Canon in 2014 and has since functioned as an independent subsidiary. With customised services, around 170 cognitas employees create and optimise product-related information and develop concepts for networked information management.
"My thanks go to the employees of cognitas, who have been a valuable part of our company over the past seven years. During this time, they have excellently developed the business of cognitas and have been able to convince through steady, profitable growth.
The successful economic development of the last few years has been underpinned by a significant expansion of the digital product portfolio - which has not only strengthened ties with existing customers, but also enabled us to acquire many new customers.
We are pleased that with the agreement we have now reached, we can open up the ideal platform for cognitas GmbH to continue its success story and, as an essential part of Etteplan, to drive forward its strategic expansion and growth strategy in Germany," said Rainer Führes, Managing Director & CEO of Canon Deutschland GmbH.
The new owner also sees the acquisition as setting the course for a successful future:
"The acquisition is in line with Etteplan's growth strategy as it wonderfully complements our expertise and increases our international presence. With the acquisition, we become a leading company in technical documentation in Germany and also strengthen our position in Europe. We thank Canon for developing cognitas so well during their ownership and look forward to adding almost 200 new experts to Etteplan," said Juha Näkki, President & CEO of Etteplan.
The parties have agreed not to disclose the purchase price.
www.canon.de

 

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