Following the entry of investment platform On IT into its capital earlier this year, Belgian technology holding company CTG, short for Classo Technology Group, is moving ahead with the further implementation of its strategic plan.
The renowned Flemish “on-site ICT” company Digi Consult from Denderleeuw, known among other things for its services around Ricoh products, document management and interactive meeting solutions, joined CTG on Oct. 26.
Ivan Verhasselt, former owner of Digi Consult, stays on as CEO and will continue to develop Digi Consult with his entire team. He himself also joins the CTG Management team in his role as Head of Sales and the Board of Directors.
Rudi Van Laer, Managing Director of Classo Technology Group:
“From the start, CTG’s objective has been to become a major Belgian player in business office technology to Belgian companies and organizations. With Ivan Verhasselt we are bringing on board someone who has the same vision and ambition as us and who will use his experience to streamline the sales approach and processes.
Thanks to the acquisition of Digi Consult, we become a market leader in Flanders in one fell swoop. We will use this position to offer an even better local service to all of our customers and, in addition to the strong organic growth of the subsidiaries, further acquisitions. Our strategic focus is therefore on further geographical expansion.
Ivan Verhasselt, CEO of Digi Consult:
“I had already been convinced for some time that we could only play a relevant role in the future with Digi Consult by collaborating with like-minded entrepreneurs. During exploratory talks, it soon became clear that our visions were almost one-to-one and we quickly agreed to join forces.
Besides the obvious operational synergies that the transaction brings, I am convinced that the strong story we are now establishing with CTG, as a 100% Belgian company, will be very well received by our customers and the market as a whole”. SDM Corporate Finance assisted Digi Consult’s shareholders in the sale to Classo Technology Group.
