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August 15, 2023

scalum GmbH announces successful sale of ementexx GmbH to the Lucanet Group

As an investment company and founding holding company of ementexx GmbH, we look back with pride on our latest transaction: the sale of all ementexx shares to the Lucanet Group has been successfully completed - a significant step toward the further internationalization and strategic development of ementexx.

Strong alliance: ementexx & Lucanet – growing together

With the integration of ementexx, Lucanet is expanding its portfolio with a modern banking and cash management solution.

The cloud-based tool ennoxx.banking perfectly complements the existing CPM offering and provides small and medium-sized enterprises in particular with intuitive, quickly implementable functions for cash management, liquidity planning, and efficient bank connectivity.

„For us, it was crucial to find a partner who would actively support the further scaling of ementexx, strengthen our sustainable growth, invest in our team and technological expertise, and take the next step toward internationalization together with us: Lucanet meets all these requirements!"
Michael Scholz

Founder, Owner & CEO – scalum GmbH

The merger gives ementexx access to new markets and, at the same time, offers the opportunity to implement our solutions across the board for all Lucanet customers - a strong impetus for further growth.

Key data on transaction

During the transaction, we were supported on the business side by Clearwater, led by Axel Oltmann and his team, who assisted us with a high level of professional expertise and great commitment. Legal advice was provided by the renowned law firm Dentons in Frankfurt, led by Dr. Volker Junghanns, who provided significant impulses with his many years of experience and in-depth knowledge of the market, as well as his expertise in the field of M&A.

The negotiations were conducted jointly with Clearwater and Dentons on an equal footing with the buyer and contributed significantly to the successful completion of the transaction.

Michael Scholz, founder and, through scalum GmbH, sole shareholder of ementexx GmbH to date, will remain active in management after the takeover and will hold a substantial stake in the buyer.

Conclusion & Outlook

For scalum GmbH, this step was logical and the right one to take: we are continuing ementexx's entrepreneurial vision, opening up additional opportunities for growth and further development within a strong alliance, and thus creating solid prospects for the team, customers, and product.

Michael Scholz remains at the helm as managing director—now strengthened by the resources of a global company. In the coming months, he will focus in particular on the successful integration of ementexx into Lucanet's structures, laying the foundation for the international expansion of our technology in the banking and cash management sector.

We look forward to our future together with Lucanet - prepared for new markets and challenges.

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