Altor acquires a majority stake in F24 and partners with management


Jul 01 2024

Altor has signed a binding agreement to acquire a majority stake in F24 from Hg. F24’s management will reinvest and Hg will retain a minority stake in the company. F24 is the leading SaaS provider for crisis management and business resilience software in Europe. This partnership positions F24 for accelerated growth and continued regional expansion.


Founded in 2000 in Munich, Germany, F24 has established itself as the trusted partner for over 5,200 customers worldwide.  Solutions cover emergency and mass notification, incident and crisis management, business messaging and service notification, as well as governance, risk and compliance.


“We are excited to join forces with co-founder Christian Götz, Dr. Jörg Rahmer and the management team at F24. F24 is a pioneer in building organizational resilience in the face of an increasingly volatile world. Their commitment to delivering high-quality solutions has earned them a stellar reputation across Europe and a loyal customer base. Together with Hg we look forward to accelerating F24’ growth and expansion into new markets” said Hajo Krösche, Partner at Altor.


“We are thrilled to partner with Altor as we enter this new phase for F24. We are truly impressed by Altor’s entrepreneurial mindset, analytical know-how and collaborative partnership approach. Together with Altor we will continue to innovate, create more value for our customers and accelerate our expansion into new geographies“ said Jörg Rahmer and Christian Götz, Executive Board at F24.


“We are proud to have been part of F24’s successful journey over the past years. F24 has yet again proven its long-term track record of compounding growth. We thank Jörg, Chris and the entire F24 team for their hard work and commitment – it has been a trusted collaboration” said Benedikt Joeris, Partner at Hg.

About Altor

Since inception, the family of Altor funds has raised more than EUR 11 billion in total commitments. The funds have invested in just south of 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Trioworld, OX2, Carnegie, Kaefer, FLSmidth, Rossignol and Toteme.

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About F24

F24 is Europe’s leading Software-as-a-Service (SaaS) provider for Business Resilience. More than 5,200 customers worldwide rely on F24’s digital solutions, which support companies and organisations through all areas of resilience. Solutions cover business messaging and service notification, emergency and mass notification, incident and crisis management, as well as governance, risk and compliance.  F24 supports customers in virtually every sector ranging from energy, healthcare, industry, finance, IT, tourism and aviation to a wide variety of public organisations. Many years of international experience have made F24 experts in improving resilience with digital solutions.

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About Hg Capital

Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.

With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with around 110,000 employees, consistently growing revenues at more than 20% annually.

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Press contact

Karin Åström

Head of Communications

+46 707 64 86 59


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