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ICT closes two acquisitions in technical automation

Today ICT Group N.V. (ICT) announces the acquisition of 100% of the shares of Profit Consulting Eindhoven B.V. and Profit Consulting Apeldoorn B.V. (jointly called ‘Profit’) as well as the acquisition of 100% of the shares of Strypes Nederland B.V. (‘Strypes’). The acquisitions are in line with the growth strategy of ICT which is geared towards being a leading European technology solutions provider in defined markets.

Profit is a service provider in technical automation which was founded in 1998. It designs, develops and implements complex software solutions for high-end technical surroundings in a broad range of industries: healthcare, automotive, semiconductor, aviation and spacecraft industry and government. The acquisition of Profit increases ICT’s scale and market share in the technical automation industry. Profit employs approximately 30 FTE and reported revenue of € 3.9 million in 2020. 

Strypes is a service provider in the field of technical and industrial automation. The company mainly operates in the transport and infrastructure market and is also active in the Life Sciences, High Tech, Industry and Utilities markets. With the acquisition of Strypes, ICT strengthens its position in the Infrastructure market in the Netherlands in terms of scale, products and additional expertise. Strypes has a subsidiary in Portugal, Strypes Technical Software Unipessoal LDA Portugal, which provides ICT with a new nearshoring location. Strypes was founded in 2011 and used to be part of the same group as the current ICT nearshoring activities in Bulgaria. The company employs approximately 40 FTE and reported revenue of € 5.9 million in 2020. 

Jos Blejie, CEO of ICT: “I am pleased to announce the acquisition of Profit and Strypes. With these acquisitions we will increase our scale and enhance our knowledge in specific areas. We warmly welcome our new colleagues to the ICT Group.” 

No further financial details will be disclosed.

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