ilionx is a Dutch IT companies supplier headquartered in Utrecht | Picture Credit score: ilionx
FSN Capital, a Nordic personal fairness funding firm, has acquired a majority stake in Dutch IT companies supplier ilionx. The transaction is being achieved by means of FSN Capital VI, a fund supporting entrepreneurial companies within the middle-market section.
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 staff, 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 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 clients in regulated industries and the general public sector. It has already delivered profitable tasks and implementations at healthcare establishments, (semi) governmental organisations, and industrial corporations with over 500 staff.
The funding from FSN Capital will permit ilionx to proceed its natural progress 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, 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 companion for its clients with a powerful 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 get pleasure from a optimistic outlook. In response to 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 progress of the Dutch economic system. With an elevated demand for IT companies attributable to 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 person of IT companies within the Netherlands with a concentrate on good governance, good 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 staff,” says Jan Veltman, CEO of ilionx. “Collectively we provide an excellent surroundings for professionals, and we’re concerned in society as a complete.”
Veltman provides, “Sustainability, progress and people-centricity are extraordinarily essential 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.”
