{"id":25552,"date":"2024-03-12T15:12:04","date_gmt":"2024-03-12T14:12:04","guid":{"rendered":"https:\/\/staging.digatus.com\/successful-it-carve-out-of-cordenpharma\/"},"modified":"2025-11-27T11:40:49","modified_gmt":"2025-11-27T10:40:49","slug":"successful-it-carve-out-of-cordenpharma","status":"publish","type":"post","link":"https:\/\/digatus.com\/en\/successful-it-carve-out-of-cordenpharma\/","title":{"rendered":"Successful IT Carve-out of CordenPharma"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"25552\" class=\"elementor elementor-25552 elementor-16778\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9462240 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9462240\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e4ec63f\" data-id=\"e4ec63f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a90649 elementor-widget elementor-widget-spacer\" data-id=\"3a90649\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-814219d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"814219d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a24c7de\" data-id=\"a24c7de\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9a88168 elementor-widget elementor-widget-heading\" data-id=\"9a88168\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Client: CordenPharma<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-af6fec6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"af6fec6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e12850\" data-id=\"1e12850\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-31094e0 elementor-widget elementor-widget-text-editor\" data-id=\"31094e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>CordenPharma is a full-service CDMO (Contract Development and Manufacturing Organisation) for the global market, supporting biotechnology and pharmaceutical innovators in developing complex modalities throughout their drug development cycle. Through the bundled expertise of its teams in its globally consolidated network of facilities, CordenPharma offers tailored outsourcing services covering the entire supply chain &#8211; from early clinical development to commercialization. <\/p><p>With scientific expertise and partnership at its core, CordenPharma provides its customers with valuable end-to-end services with a strategic focus on peptides, oligonucleotides, custom lipid excipients, lipid nanoparticles, sterile injectable products, and extensive small molecule production.<\/p><p>The CordenPharma Group comprises 12 sites in Europe and the USA. In the 2022 financial year, the company generated revenue of 870 million euros and employed over 3,000 people. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9a9f104 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9a9f104\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fe2d6ee\" data-id=\"fe2d6ee\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d703536 elementor-widget elementor-widget-heading\" data-id=\"d703536\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Carve-out Profile<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1d8fd2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1d8fd2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-88cb320\" data-id=\"88cb320\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c4b1e71 elementor-widget elementor-widget-text-editor\" data-id=\"c4b1e71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Client: CordenPharma International GmbH<\/li>\n<li>Seller: International Chemical Investors Group (ICIG)<\/li>\n<li>Investor: ASTORG<\/li>\n<li>Transaction value: Approximately 3 billion euros <\/li>\n<li>Size: Approx. 3,000 employees, ~870m\u20ac revenue<\/li>\n<li>Industry: Pharmaceuticals &amp; Biotechnology<\/li>\n<li>Headquarters: Plankstadt, Germany<\/li>\n<li>Location: 12 sites in Europe &amp; USA<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ae601c3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ae601c3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eba80db\" data-id=\"eba80db\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f6376d elementor-widget elementor-widget-heading\" data-id=\"7f6376d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Initial Situation and Objectives<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0d287c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0d287c7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e83d5e\" data-id=\"1e83d5e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c0fd6a6 elementor-widget elementor-widget-text-editor\" data-id=\"c0fd6a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Following the acquisition of CordenPharma by private equity investor Astorg in August 2022, we were able to prevail against numerous competitors in an intensive selection process and convince CordenPharma that we were the suitable consulting partner in the field of IT carve-out management.<\/p><p>The goal was to separate CordenPharma from its previous owner ICIG (International Chemicals Investors Group) within the agreed TSA term and transition it into an independent standalone operation<em>. <\/em> <\/p><p>In October 2022, we received the mandate to create an IT carve-out concept, which was subsequently used as the basis for the entire IT carve-out.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b587b2b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b587b2b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e9fd543\" data-id=\"e9fd543\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fce7056 elementor-widget elementor-widget-heading\" data-id=\"fce7056\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Challenge<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0a091b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0a091b9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1243fb1\" data-id=\"1243fb1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1a5fbb8 elementor-widget elementor-widget-text-editor\" data-id=\"1a5fbb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Initially, the available timeframe from kick-off was one of the biggest and most exciting challenges.<\/p><p>Due to the existing depth of integration into ICIG, we had to consider the entire spectrum of IT for the carve-out.<\/p><p>Additionally, at the turn of the year 2022\/2023, three of the twelve sites affected by the carve-out were in a PMI (Post Merger Integration) of a previous acquisition &#8211; this further increased the complexity of the project.<\/p><p>As a full-service CDMO, CordenPharma is subject to regulation by the FDA (Food and Drug Administration). To meet the corresponding regulations, we had to adhere to GxP quality requirements at all times and during all separation activities. <\/p><p>The largely heterogeneous IT infrastructure, site-specific qualification and validation requirements, as well as the more than six different separation and operation providers with a total of over 70 project staff made efficient, perfected carve-out management essential.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-06dc501 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"06dc501\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0e58543\" data-id=\"0e58543\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9271493 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"9271493\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-quote-right\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M464 32H336c-26.5 0-48 21.5-48 48v128c0 26.5 21.5 48 48 48h80v64c0 35.3-28.7 64-64 64h-8c-13.3 0-24 10.7-24 24v48c0 13.3 10.7 24 24 24h8c88.4 0 160-71.6 160-160V80c0-26.5-21.5-48-48-48zm-288 0H48C21.5 32 0 53.5 0 80v128c0 26.5 21.5 48 48 48h80v64c0 35.3-28.7 64-64 64h-8c-13.3 0-24 10.7-24 24v48c0 13.3 10.7 24 24 24h8c88.4 0 160-71.6 160-160V80c0-26.5-21.5-48-48-48z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdf1b0a elementor-widget elementor-widget-text-editor\" data-id=\"cdf1b0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>\u201cThanks to the excellent carve-out management by digatus, we managed to significantly reduce the TSA duration, saving over 1 million euros, and complete the carve-out ahead of schedule.\u201c<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aee2d3e elementor-widget elementor-widget-text-editor\" data-id=\"aee2d3e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Dirk S\u00fctterlin<\/b><br>VP, Group Head IT<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2bb403 elementor-widget elementor-widget-image\" data-id=\"f2bb403\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/digatus.com\/wp-content\/uploads\/2024\/03\/dirk-suetterlin.jpg\" class=\"attachment-large size-large wp-image-25316\" alt=\"\" srcset=\"https:\/\/digatus.com\/wp-content\/uploads\/2024\/03\/dirk-suetterlin.jpg 953w, https:\/\/digatus.com\/wp-content\/uploads\/2024\/03\/dirk-suetterlin-300x300.jpg 300w, https:\/\/digatus.com\/wp-content\/uploads\/2024\/03\/dirk-suetterlin-150x150.jpg 150w, https:\/\/digatus.com\/wp-content\/uploads\/2024\/03\/dirk-suetterlin-768x768.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9b3dec1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9b3dec1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ed509c\" data-id=\"7ed509c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7553213 elementor-widget elementor-widget-heading\" data-id=\"7553213\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Approach<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f1feec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f1feec\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b8ad253\" data-id=\"b8ad253\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7000614 elementor-widget elementor-widget-text-editor\" data-id=\"7000614\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Concept<br><\/strong>In October 2022, we received the mandate to create a carve-out concept, which was approved by CordenPharma and ICIG at the end of January 2023.<\/p><p>As part of the carve-out concept, we analyzed and evaluated core components such as ERP, non-ERP, infrastructure, and security regarding their current state.<\/p><p>For the conception of the target state, we considered customer and industry-specific requirements as well as economic criteria, standardization, and the required separation speed to achieve the timeline for the standalone goal.<\/p><p><strong>Provider Selection<br><\/strong>Starting February 2023, we supported CordenPharma, based on the developed concept, in the search for new technical separation and operation providers for ERP and infrastructure.<\/p><p>Using objective evaluation criteria, taking into account industry requirements and based on future needs, we were ultimately able to find the ideal providers using a &#8220;best of breed&#8221; approach.<\/p><p><strong>Carve-out Management<br><\/strong>During the separation activities between April 2023 and January 2024, we had to manage a total of six providers and over 70 employees within the carve-out management team.<\/p><p>Thoughtful risk management, a special focus on GxP, as well as a closely coordinated approach with all stakeholders were crucial for the project&#8217;s success and allowed us to keep quality, time, and costs within the planned framework.<\/p><p><strong>Roll-Out Management<br><\/strong>In the fourth quarter of 2023, a majority of the site migrations were carried out. We supported the global branches during the rollout with over 20 employees at 6 locations, thereby ensuring reliable adherence to the tight timeline. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9aa9f87 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9aa9f87\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f07f8cb\" data-id=\"f07f8cb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bfc6b3a elementor-widget elementor-widget-heading\" data-id=\"bfc6b3a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Customer Benefits  Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d1009e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d1009e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9c7345b\" data-id=\"9c7345b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64c4854 elementor-widget elementor-widget-text-editor\" data-id=\"64c4854\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Through the fundamental conception, targeted support in provider selection, and continuous management at all levels, CordenPharma was able to be carved out and transferred to standalone operations earlier than planned.<\/p><p>More than three months of TSA runtime were saved, with a value of over 1 million euros. Ensuring optimal customer benefit was always our highest priority. <\/p><p>Our excellent project structure enabled a clear distribution of tasks and responsibilities, ensuring efficiency and transparency throughout the entire process. The consistent project management ensured that processes were aligned with the specific needs of the new medium-sized business. This tailored approach helped to make the transition seamless for CordenPharma and to extract the optimal added value from the collaboration.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-20f6d41 e-flex e-con-boxed e-con e-parent\" data-id=\"20f6d41\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-20442 elementor-author-box--layout-image-above elementor-widget elementor-widget-global elementor-global-25925 elementor-global-20442 elementor-widget-author-box\" data-id=\"20442\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-author-box\">\n\t\t\t\t\t\t\t<div  class=\"elementor-author-box__avatar\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/digatus.com\/wp-content\/uploads\/2024\/03\/digatus-robert-mair-300x300.jpg\" alt=\"Picture of Robert Mair\" loading=\"lazy\">\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"elementor-author-box__text\">\n\t\t\t\t\t\t\t\t\t<div >\n\t\t\t\t\t\t<h1 class=\"elementor-author-box__name\">\n\t\t\t\t\t\t\tRobert Mair\t\t\t\t\t\t<\/h1>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-author-box__bio\">\n\t\t\t\t\t\t<p>With over 17 years of professional experience in the IT industry, Robert Mair has developed comprehensive expertise across a wide range of functions and sectors. His profound knowledge in managing international and national projects, as well as leading hybrid teams, gives him a deep understanding of steering and successfully completing challenging projects in time-critical customer situations. In his role as Principal at digatus, he primarily contributes his expertise in the areas of IT Mergers &amp; Acquisitions and IT Transformation.  <\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<a class=\"elementor-author-box__button elementor-button elementor-size-xs\" href=\"https:\/\/www.linkedin.com\/in\/robert-mair-a0061538\/\">\n\t\t\t\t\t\tRobert on LinkedIn\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>As part of an M&amp;A transaction, a portion of the International Chemical Investors Group (ICIG) was acquired by the private equity firm Astorg. Since August 2022, this company has been operating as CordenPharma. On the path to a successful standalone, digatus ensured a successful separation with its expertise in IT M&amp;A as part of a carve-out project.  <\/p>\n","protected":false},"author":2,"featured_media":25315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[129,124],"class_list":["post-25552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-success-story-en","tag-it-carve-out-en","tag-it-ma-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Successful IT Carve-out of CordenPharma - digatus<\/title>\n<meta name=\"description\" content=\"On the path to a successful standalone, digatus ensured a successful separation with its expertise in IT M&amp;A as part of a carve-out project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/digatus.com\/en\/successful-it-carve-out-of-cordenpharma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Successful IT Carve-out of CordenPharma\" \/>\n<meta property=\"og:description\" content=\"On the path to a successful standalone, digatus ensured a successful separation with its expertise in IT M&amp;A as part of a carve-out project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/digatus.com\/en\/successful-it-carve-out-of-cordenpharma\/\" \/>\n<meta property=\"og:site_name\" content=\"digatus\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-12T14:12:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-27T10:40:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/de.digatus.com\/wp-content\/uploads\/2024\/03\/CordenPharma-social-de2-1024x535.jpg\" \/>\n<meta name=\"author\" content=\"Annabell Renner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Successful IT Carve-out of CordenPharma\" \/>\n<meta name=\"twitter:description\" content=\"On the path to a successful standalone, digatus ensured a successful separation with its expertise in IT M&amp;A as part of a carve-out project.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/de.digatus.com\/wp-content\/uploads\/2024\/03\/CordenPharma-social-de2-1024x535.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Annabell Renner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/digatus.com\\\/en\\\/successful-it-carve-out-of-cordenpharma\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/digatus.com\\\/en\\\/successful-it-carve-out-of-cordenpharma\\\/\"},\"author\":{\"name\":\"Annabell Renner\",\"@id\":\"https:\\\/\\\/digatus.com\\\/en\\\/#\\\/schema\\\/person\\\/4902929f286856c9caf9575e10acd69e\"},\"headline\":\"Successful IT Carve-out of CordenPharma\",\"datePublished\":\"2024-03-12T14:12:04+00:00\",\"dateModified\":\"2025-11-27T10:40:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/digatus.com\\\/en\\\/successful-it-carve-out-of-cordenpharma\\\/\"},\"wordCount\":795,\"publisher\":{\"@id\":\"https:\\\/\\\/digatus.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/digatus.com\\\/en\\\/successful-it-carve-out-of-cordenpharma\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/digatus.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/cordenpharma-success-story-header-e1710253719346.jpg\",\"keywords\":[\"IT Carve-Out\",\"IT M&amp;A\"],\"articleSection\":[\"Success Story\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/digatus.com\\\/en\\\/successful-it-carve-out-of-cordenpharma\\\/\",\"url\":\"https:\\\/\\\/digatus.com\\\/en\\\/successful-it-carve-out-of-cordenpharma\\\/\",\"name\":\"Successful IT Carve-out of CordenPharma - 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