Business Services

The services sector in Germany accounts for three-quarters of all employed persons and generates around two-thirds of GDP, making it the largest and fastest growing economic sector in Germany. The market grew strongly in the last decade, often with double-digit growth rates. Optimal infrastructure, high productivity rates and highly qualified personnel make Germany an extremely attractive location for the provision of services.




Ececutive Summary


Volker Ruhl

Current Developments

Focus on Service 4.0

Already about 80% of all companies in Germany are service providers and with increasing technological progress new fields of activity are opening up. The moderate development of personnel costs and the constant level of employment further increase the attractiveness of Germany as a location.

Growth Rates








Smart Service Solutions

Smart services combine physical and digital services to create new, intelligent products and digitally enhanced business models. They are becoming increasingly important in the course of Industry 4.0.


Our Sector Transactions


Highlight Transaction

teamtischer GmbH x Baierl & Demmelhuber Innenausbau GmbH

Number of M&A transactions - DACH region, 2021 (as of August)


Significant Transactions

Accenture plc. X Umlaut Systems GmbH (2021)

Advent International Corporation X Aareon AG (2020)

Future Trends

The Internet of Things and Industry 4.0 will revolutionise production. Digital and physical services can be effectively combined to meet the specific needs of individual customers. New, intelligent service architectures and service platforms will create innovative business models that will permanently change existing value chains. The growth prospects of the sector are extremely attractive.

People & Voices

Saxenhammer has in-depth technical and industry knowledge and can draw on a broad network of industry experts with many years of transaction experience.

"We are witnessing a continuous expansion of the services sector, especially in knowledge-intensive business-related services. The growth is also attracting investor interest - the M&A market remains active."

Volker Ruhl


Our View

Business-related services show tremendous growth potential, especially in the German SME sector. The biggest growth driver is the progressing digitalisation. Traditional services are also becoming even more integrated into the digital value chain as not only the industrial but also the service sector will change fundamentally and sustainably due to the possibilities of continuously advancing technology.

Sector Update

Saxenhammer professionals regularly release content on current affairs and market trends to stimulate thought and discussion. We share exciting analyses, real-time market insights, and company news with the world.