Proact acquires PeopleWare to strengthen services business and expand in core markets
Proact’s acquisition of the top-ranking IT managed services provider PeopleWare enhances Proact’s market presence in the Netherlands and Belgium and adds expertise for delivering high-growth managed cloud services into the medium sized enterprise segment.
Proact IT Group AB, a leading independent IT solutions and cloud services provider, is pleased to announce the acquisition of PeopleWare ICT Solutions BV, an IT managed service provider based in the Netherlands and Belgium.
Acquisitions are a key part of Proact’s updated growth target with the ambition to broaden the portfolio of offerings and expand the presence in key markets. Founded in 2003, PeopleWare is a privately held company with over 220 employees and more than 170 active customers. The acquisition will greatly enhance Proact’s presence and ability to serve the medium sized enterprise segment in the Dutch and Belgian markets.
PeopleWare’s core businesses are services like outsourcing, cloud infrastructure, business consultancy and IT-staffing. PeopleWare was ranked in 1st place in Giartes Outcourcing Performance 2019 whilst Proact was ranked in 2nd place.
The company is acquired from the founders, who will remain with the company. Following the acquisition, PeopleWare and its employees will become an integral part of Proact in the Netherlands and in Belgium.
Jonas Hasselberg, CEO and President of Proact IT Group AB comments: “We are very happy to welcome PeopleWare to the Proact family. Our combined customer base, service offering and business culture makes PeopleWare and Proact an excellent strategic fit. By uniting our teams in the Netherlands and Belgium, we will add greater value to our customers through an even stronger portfolio and skill-set covering the hybrid cloud deployment models. PeopleWare will also contribute to our strategic targets of revenue growth and improved EBITA margins, in alignment with our updated strategy and financial targets.”
Sander Dekker, Business Unit Director West of Proact IT Group AB adds: “As the name suggests PeopleWare is a company driven by the dedication of great people which, together with our fantastic Proact team, will become a leading services organisation in the Benelux market on consulting and outsourcing services. “
Mark van Liempt, CEO of PeopleWare agrees: “Becoming part of Proact offers PeopleWare the chance to further expand our outsourcing activities and services. The vast customer base of Proact, combined with our expertise and experience in the field of IT outsourcing, is key to further growth and success. The combination of the two companies will add value to our current customer base and will increase our joint presence on the Dutch and Belgian IT market.”
The purchase price amounts up to EUR 17 million and is based on 2019 full year performance, corresponding to 8x adj. EBITA. The purchase price will be released at its full during a 24 month period post-closing. PeopleWare has a yearly revenue of approximately EUR 28 million and will be consolidated into the group results as of now.
For further information, please contact:
Jonas Hasselberg, CEO and President, Proact IT Group AB, +46 722 13 55 56, firstname.lastname@example.org
Jonas Persson, CFO and Head of IR, Proact IT Group AB, +46 733 566 690, email@example.com
Sander Dekker, Business Unit Director West, Proact IT Group AB, + 31 30 30 33 200, firstname.lastname@example.org
Proact is Europe’s leading independent data centre and cloud services provider. By delivering flexible, accessible and secure IT solutions and services, we help companies and authorities reduce risk and costs, whilst increasing agility, productivity and efficiency. We’ve completed over 5,000 successful projects around the world, have more than 3,500 customers and currently manage in excess of 100 petabytes of information in the cloud. We employ over 800 people in 14 countries across Europe and North America. Founded in 1994, our parent company, Proact IT Group AB (publ), listed on Nasdaq Stockholm in 1999 (under the symbol PACT). For further information about Proact’s activities please visit us at www.proact.eu
PeopleWare, founded in 2003, is mainly active in the Benelux. As an outsourcing company PeopleWare shoulders the burden of operational IT-activities for its clients. PeopleWare automates and modernizes IT-infrastructures into tailor made forms of hybrid cloud solutions. It deploys work spaces, manages adoption processes, delivers end user support, performs infrastructure management and supplies application management. All of it’s activities are geared towards the mid-size market with Microsoft as most prominent strategic technology partner. With over 220 employees, PeopleWare manages 30.000 workspaces in its commercial territory. Independent outsourcing researcher Giarte has put PeopleWare, in three consecutive years, forward as one of the best valued outsourcing companies in The Netherlands. www.peopleware.nl
About Giarte Outsourcing Performance
Giarte Outsourcing Performance 2019 is the largest benchmark study of IT managed services performance in the Netherlands with independent rating from more than 1000 respondents from customers within 3 mayor areas: Infrastructure management, End user support and Application Management.
Read more about the results (Dutch):