ilionx is a Dutch IT companies supplier headquartered in Utrecht | Picture Credit score: ilionx
FSN Capital, a Nordic non-public fairness funding firm, has acquired a majority stake in Dutch IT companies supplier ilionx. The transaction is being executed by FSN Capital VI, a fund supporting entrepreneurial companies within the middle-market phase.
The phrases of the deal weren’t disclosed by the events concerned nevertheless it comes simply months after FSN Capital VI invested in German bakery chain Bäcker Görtz. FSN Capital VI, along with ilionx’s present administration group, goals to speed up the expansion of Dutch IT companies supplier.
A trusted participant in IT companies
Headquartered in Utrecht, ilionx was based greater than 20 years in the past and presently has over 1,200 workers throughout 13 areas within the Netherlands. It affords digital technique, cloud-oriented software improvement, knowledge & AI options, hyper-automation companies, and managed companies to organisations.
The corporate affords companies primarily to clients in regulated industries and the general public sector. It has already delivered profitable initiatives and implementations at healthcare establishments, (semi) governmental organisations, and industrial firms with over 500 workers.
The funding from FSN Capital will enable ilionx to proceed its natural development because it cements its place as a “trusted, long-term IT companies supplier.” The Nordic fund additionally sees alternative for add-on acquisitions within the massive and extremely fragmented Dutch IT companies market.
Marcus Egelstig, Accomplice at FSN Capital Companions, funding advisor to FSN Capital VI, says, “We’re very excited that FSN Capital VI will be part of forces with ilionx to help the corporate in realising its technique. We see ilionx as a really reliable IT accomplice for its clients with a robust spine in extremely competent workers, mixed with an entrepreneurial spirit and customer-centric strategy.”
A fragmented market
Regardless of being a fragmented market, the Dutch IT companies market continues to take pleasure in a constructive outlook. In line with Analysis and Markets, the IT companies market within the Netherlands is estimated to develop at a CAGR of three.93 per cent between 2022 and 2027. It’s estimated to develop from round $11.87B in 2021 to $13,463B by 2027.
As one of many few sectors to develop in 2020, the IT companies business performs a significant function within the development of the Dutch financial system. With an elevated demand for IT companies because of digitisation and the adoption of key applied sciences like AI, machine studying, and blockchain, ilionx is uniquely positioned within the regulated business.
With a market share of 20 per cent, the federal government is the biggest finish consumer of IT companies within the Netherlands with a concentrate on good governance, sensible cities and citizen administration.
“I’m very assured that we are able to realise our ambitions with FSN. It’s an organisation with a eager eye for the well-being of our workers,” says Jan Veltman, CEO of ilionx. “Collectively we provide setting for professionals, and we’re concerned in society as a complete.”
Veltman provides, “Sustainability, development and people-centricity are extraordinarily vital for each FSN and us and I’m happy that we are able to reinforce one another on this, additionally in direction of our clients.”
