Benchmark International is delighted to announce the transaction between XARIS and Cornus.
XARIS is an Austrian technology and risk-management company that provides digital management systems for the automotive sector, primarily serving banks, vehicle manufacturers, and car dealerships.
Cornus is a private investment and holding company that acquires and develops small and medium-sized businesses in Germany and Austria. Its focus is on long-term ownership, supporting established companies through succession situations, management transitions, and sustainable growth initiatives.
XARIS will continue to be led by its established management with Rainer Dinkhoff remaining as CEO and Alexander Ebhardt, who has long shaped the company’s direction, formally assuming the role of Managing Director.
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Mr. Dinkhoff said: “We were looking for a long-term home for the business we have built - a partner who understands our industry and is not looking to resell in a few years. In Cornus we found exactly that. For our customers and our team, the service and the people they know stay in place; what’s added is the backing and the ideas to keep getting better.”
Michael Widowitz, Founder and Shareholder of Cornus, commented: “The team that built XARIS keeps running it and stays the direct point of contact for customers and partners. Our role is to back them with a long-term perspective, additional resources and our network, so XARIS can do more of what it already does well and, over time, extend its services into new regions and adjacent segments.”
This acquisition represents Cornus' second acquisition within a week and forms part of the firm's DACH-focused buy-and-build strategy.
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