Hamburg / Borken / Berlin, Germany, 7 January, 2021 – netgo group (“netgo”), an IT services provider with offices throughout Germany, expands its IT services portfolio once more: After acquiring three companies in 2020, Berlin-based arxes-tolina GmbH (“arxes-tolina”) now becomes part of the group. arxes-tolina offers its clients a wide range of IT and software services with a focus on the public and financial services sector. Together with its majority shareholder Waterland Private Equity (“Waterland”), netgo will further strengthen its presence on the German market and expand its software development service portfolio significantly through the acquisition of arxes-tolina. The sellers are the founders and managing directors Dr. Peter Heilmann and Ralf Berndt. The financial details of the transaction, which is subject to approval by German competition authorities, will not be disclosed.