SDM Corporate Finance Group assists Protinus IT in its sale to Prodware.
SDM Corporate Finance Group, a leading M&A advisory firm, is pleased to announce its role in facilitating the strategic sale of Protinus, a leading provider of IT Hardware, Software and Services for the public sector in the Netherlands to Prodware, a leading digital transformation company listed on Euronext Growth in Paris with more than 1,800 employees across 14 countries.
The acquisition, driven by Prodware’s ongoing commitment to expand its European presence and strengthen its footprint in the large enterprise and public sector markets, will have a major impact on the technology and IT services landscape in Europe. With Protinus’ impressive track record in generating over €295 million in revenue in FY2022 and achieving consistent double-digit annual growth since 2018, this merger promises to create a dynamic synergy between two market leaders.
Prodware is known for its commitment to digital transformation, while Protinus specializes in serving organizations with 5,000+ workplaces operating in central and local government, healthcare, education and large enterprises. With the acquisition, Protinus becomes part of the ecosystem within the Prodware Group which enables Protinus to continue building on its growth strategy in the coming years. The synergetic benefits of the partnership with Prodware will allow Protinus to further develop its business activities given its international character and scale.
Alain Conrard, CEO of Prodware Group, spoke enthusiastically about the acquisition: “Protinus complements our other companies in the group exceptionally well. This merger will create significant value for all stakeholders, including employees, customers and partners, and confirms our position as a key player in digital transformation across Europe.”
Vincent Verbiesen, Managing Director of Protinus, shared his optimism about the sale with the following words: “Protinus is extremely proud to become part of the Prodware Group. An important condition for this acquisition was to maximize the benefits for the further development of the Managed Sourcing formula. In this area, both organizations have found each other to enter into this partnership. Protinus IT will continue to develop its partner model in the coming years and make the opportunities this step offers work to the advantage of our customers, partners and, last but not least, our own people.”
The strategic agreement and shared values of Prodware and Protinus point to a promising future marked by extensive knowledge sharing, an expanded customer base and enhanced capabilities to meet any IT need, all contributing to further technological innovation and business growth.
About SDM Corporate Finance Group
SDM Corporate Finance Group is a leading mergers and acquisitions advisory firm that guides companies through transformative transactions. With a strong track record of successful transactions, we specialize in creating value for our clients and providing strategic guidance during the merger and acquisition process. SDM has built up a broad experience in the ICT services and software sector in recent years. Thanks to that experience and the internally built networks in the sector supplemented by those of the international M&A network Advior, a suitable international partner for Protinus IT was also successfully found.
Read the original press release: Prodware continues expansion with Protinus acquisition.
