New European IT giant serves all market segments
Revenue target of €400 million in 2018 one step closer
Leiden, 25 April 2017 – The IT company Infotheek Group, based in Leiden, is acquiring Dutch market leader Scholten Awater. The acquisition will result in a European IT company with revenues of almost €600 million and over 800 employees in 14 different countries.
The Netherlands Authority for Consumers and Markets (ACM) still has to approve the acquisition. Infotheek is purchasing all the shares from Saphin Investment Group, the shareholder of Scholten Awater, for an undisclosed amount. The acquisition is motivated by three main drivers: knowledge sharing, enlarging the portfolio, and benefits of scale in relation to past and future investments.
All expertise under one roof
For both organisations, the acquisition creates an opportunity to grow further and develop into an even stronger European player which can serve the entire market, including large businesses and the public domain as well as smaller businesses and consumers. As a result of the acquisition, Infotheek Group will have all the necessary knowledge and expertise under one roof
“In Scholten Awater, we have found a very enterprising and professional partner”, explains Jordy Kool, CEO of Infotheek Group. “We share the same ambitious vision and are convinced that the merger of Scholten Awater and Infotheek Group will deliver significant benefits for our clients, partners, and employees.”
Luuk Slaats, commercial director of Scholten Awater: “Scholten Awater is market leader in the Netherlands and has traditionally been very strong in the large business sector and the public domain, where we clearly have a leading position in terms of quality for practically all IT issues. This acquisition will enable us to further realise our growth ambitions and benefit from our willingness to make further investments in the business. We are confident that we will be able to continue providing the Dutch organisations in this segment with an even better and more complete range of services.”