FSN Capital VI acquires majority stake in Dutch IT services provider ilionx

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 completed via 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 however it comes simply months after FSN Capital VI invested in German bakery chain Bäcker Görtz. FSN Capital VI, along with ilionx’s present administration staff, goals to speed up the expansion of Dutch IT companies supplier.

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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 staff throughout 13 places within the Netherlands. It provides digital technique, cloud-oriented software growth, information & AI options, hyper-automation companies, and managed companies to organisations.

The corporate provides companies primarily to prospects in regulated industries and the general public sector. It has already delivered profitable tasks and implementations at healthcare establishments, (semi) governmental organisations, and business corporations with over 500 staff.

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 giant and extremely fragmented Dutch IT companies market.

Marcus Egelstig, Companion 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 assist the corporate in realising its technique. We see ilionx as a really reliable IT accomplice for its prospects with a robust spine in extremely competent staff, mixed with an entrepreneurial spirit and customer-centric method.”

A fragmented market

Regardless of being a fragmented market, the Dutch IT companies market continues to take pleasure in a optimistic outlook. In accordance 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 trade performs a significant position within the development of the Dutch economic system. With an elevated demand for IT companies resulting from digitisation and the adoption of key applied sciences like AI, machine studying, and blockchain, ilionx is uniquely positioned within the regulated trade.

With a market share of 20 per cent, the federal government is the biggest finish person of IT companies within the Netherlands with a give attention to good governance, good cities and citizen administration.

“I’m very assured that we will realise our ambitions with FSN. It’s an organisation with a eager eye for the well-being of our staff,” says Jan Veltman, CEO of ilionx. “Collectively we provide a great setting for professionals, and we’re concerned in society as a complete.”

Veltman provides, “Sustainability, development and people-centricity are extraordinarily necessary for each FSN and us and I’m happy that we will reinforce one another on this, additionally in direction of our prospects.”