Asolvi acquires Dr. Herwig GmbH, entering the utilities sector 

Asolvi, a leading European software provider in field service management and Viking Venture portfolio company, has recently acquired Dr. Herwig GmbH. Herwig is a German software company with solutions for the field service and maintenance industries, focusing on customers in the utility industry.

Expanding to a new vertical 

– I’m delighted we can welcome the Dr. Herwig team into the Asolvi family. They bring unique capabilities and talent, strengthening our presence in Germany and 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 field service management (FSM) software providers for the utilities sector. Its modern cloud-native product streamlines the roll-out, replacement, and maintenance of traditional and innovative gas, electricity, and water metering devices. It digitizes the end-to-end operations of local gas market area conversion projects.

Strengthened position in Germany

The acquisition of Herwig is an important milestone for Asolvi. It reflects the company’s commitment to expanding its offering to a new vertical. While consolidating its strong market position in Germany, one of its fastest-growing markets. Combining 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.

– 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, says Volker Herwig.

Competitive and modern software

– We are truly impressed with the Dr. Herwig team and look forward to starting this new chapter together. We recognize the immense potential in the German-speaking region, a market yet to be fully digitalized. Herwig has a highly competitive and modern software suite, and Asolvi has an organization that can support its growth ambitions. That is a very good match, adds Managing Director of Asolvi DACH region, Armin Alt.

– Through the acquisitions of Dr. Herwig, Asolvi not only strengthens its position in Germany, but the utilities sector is also an exciting sector within field service management. Herwig’s software suite is a perfect add-on for Asolvi, states Jostein Vik, Partner at Viking Venture.

More information: www.asolvi.com

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. Currently employing more than 160 staff in eleven offices across 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.