VEDA Group has acquired LOHNunion GmbH, strengthening its payroll services expertise and positioning for future growth in the competitive German market.

Target Information

VEDA Group has officially announced its acquisition of LOHNunion GmbH, a prominent German payroll accounting service provider, as of February 2, 2026. This strategic move is part of VEDA's buy-and-build strategy aimed at enhancing its position in the payroll software and services sector. With LOHNunion, VEDA Group aims to lay a solid foundation for future growth by reinforcing its comprehensive support to organizations throughout the employee life cycle, particularly in payroll services.

LOHNunion boasts a strong market presence with over 4,000 clients across various industries. With offices in Kiel, Neumünster, and Berlin, the company is recognized for its expertise in payroll accounting, led by managing director Thorsten Meier.

Industry Overview in Germany

The payroll services sector in Germany is experiencing a significant shift, with more organizations choosing to outsource complex payroll processes. Th