Paris, 3rd November 2015 – The Belgian Competition Authority gave its formal consent to the purchase of Trasys Group shares by NRB on the 22nd of October. The transaction was concluded on the 29th of October. Trasys thereby became a 100% subsidiary of the NRB Group. The operational integration of the two companies starts straight away. With sales figure of 300 million Euros and more than 2,000 employees, the new entity has become one of the leaders of the Belgian ICT market.
Bryan, Garnier & Co acted as the financial advisor of Trasys’ shareholders on this transaction.
Ulrich Penzkofer, CEO of the NRB
Group, commented: “The Trasys acquisition
is an important step in the realisation of our strategic plan to become the
number 1 Belgian provider of IT services. The integrated portfolio of products
and solutions will be unique in Belgium. Both companies complement each other:
on the one hand they offer vertical solutions, sourcing and nearshore capacity;
on the other hand they offer datacenter services, mainframe development
capability and packaged solutions. The new NRB will be able to bring even more
value added to all its clients. For example, by strengthening our SAP offering
to utilities or by adding services for the optimisation of production processes
to our industrial offerings.
In addition, in the current global context, our competitors also pursue growth. NRB needs to have sufficient size to remain or show up on the radar of ICT decision makers.”
Chris De Hous, CEO of Trasys added: “Our joint consulting services and the
solutions that support the digital transformation of our clients act as levers
for the integrated portfolio – including the infrastructure services – thus
creating greater added value for our clients. This can be done by defining a
roadmap towards an ICT architecture in step with the demands of the new digital
economy, or by the implementation of a hybrid cloud environment, business
analytics or mobile solutions in order to satisfy the same requirements.”
integration presents in fact two major advantages, namely a complete portfolio
of solutions and flexible capabilities of delivery,” Ulrich Penzkofer maintained.
“The new, integrated entity will be able
to provide its solutions to the specific needs and in a mode that best suits
the client: in the form of a project, by making experts available (‘staffing’)
or in a specific mode requested by the client, including access to nearshore
are convinced that bringing together the two companies will provide a major
catalyst for increasing efficiency and the quality of our services, as well as
expanding our ability to innovate – all of which we are placing at the disposal
of our clients,” Ulrich Penzkofer concluded.
Olivier Garnier, Managing Partner at
Bryan, Garnier & Co, stated: “We are
proud to have advised Trasys’ shareholders and completed this operation with
such a strategic partner as NRB. We welcome the new development opportunities
for Trasys arising from this acquisition.”
advising on the sale of Airial, a Real Dolmen’s subsidiary, to GFI, the sale of
mc2i to Indigo and its management, this new transaction in the IT industry in
2015 further reinforces the leadership and expertise of Bryan Garnier & Co
in capital transactions for growing European technology companies.” added Alexandre
Boukhari, Director of the TMT practice at Bryan, Garnier & Co.”
List of the seller’s advisors
Financial advisors: Bryan, Garnier & Co – Olivier Garnier, Alexandre Boukhari, Jonathan Foiret-Hurbin, Awa Sow
Financial VDD: PwC – Philippe Estas, Frederik Vanvoorden
About Trasys (www.trasys.be)
is an IT solutions and services company with a turnover that amounted to 74
million euros in 2014. Trasys supports its clients throughout their digital
transformation and offers them solutions to meet their business critical
challenges. The Trasys experts help their clients to take the best strategic
decisions based upon the appropriate analyses and insights, both to manage
their operations and in the framework of their digital transformation. They
develop, implement and maintain the solutions for digital transformation in
close collaboration with their clients, covering the domains of mobility,
business analytics, digital commerce, cloud or security. The
company headquarters of Trasys are located in Brussels, but the company is
active all across Europe for clients in the public sector, industry, public
utilities, financial institutions and insurance companies, as well as for
international institutions. Trasys is proud of its pragmatic IT approach:
Trasys ensures that its clients’ IT helps them to enhance their business
agility and to improve their operational efficiency.
About NRB (www.nrb.be)
With consolidated revenues of €222 million in 2014 and more than 1,100 employees, the NRB Group is among the top 5 of the ICT sector in Belgium. NRB, the parent company, was founded in 1987 as a shared IT department by Ethias and some public utilities. Over time, the company has grown - in part through strategic acquisitions - to become the major player it is today in Belgium. With almost 30 years of experience, NRB focuses on the financial sector, the public and social sector, public utilities and industry. NRB's subsidiaries offer sector specific solutions to their customers, supported by the advantages (in terms of scale) and the ICT infrastructure that the Group offers.The Xperthis Group (Xperthis, Mims and Ciges) specialises in IT for the health care sector. Cevi and Logins in Flanders and Civadis in Brussels and in Wallonia are specialised in IT products and services for the local public sector. Afelio designs and develops professional mobile and web applications. The NRB Group can rely on a Tier3+ datacentre infrastructure, located at two geo-resilient sites, equipped with state of the art mainframe and distributed systems, renowned to be amongst the most advanced and performing in the country. The NRB Group is a genuine Belgian group, both in terms of its roots and shareholding, as well as its infrastructure and activities.
About Bryan, Garnier & Co (www.bryangarnier.com)
Bryan, Garnier & Co is an independent investment bank specialized in European TMT, Healthcare and Renewable Energies growth companies. Bryan, Garnier & Co is positioned in three activities: Equity Research & Brokerage, Asset Management and Corporate Finance. With more than 120 professionals based in London, Paris, New Delhi, New York and Geneva, Bryan, Garnier & Co combines the range of services and the expertise of top-tier investment banks with the level of attention to clients of a boutique. Bryan, Garnier & Co has become a leader in advising European growth companies on strategic finance transactions such as mergers & acquisitions, equity capital market, LBOs, IPOs and private placement. For more than 15 years, Bryan, Garnier & Co is an independent investment bank specialized in European growth companies. e:9.0pt;mso-ascii-font-family:Calibri;mso-ascii-theme-font: minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin'>Cevi and Logins in Flanders and Civadis in Brussels and in Wallonia are specialised in IT products and services for the local public sector. Afelio designs and develops professional mobile and web applications. The NRB Group can rely on a Tier3+ datacentre infrastructure, located at two geo-resilient sites, equipped with state of the art mainframe and distributed systems, renowned to be amongst the most advanced and performing in the country. The NRB Group is a genuine Belgian group, both in terms of its roots and shareholding, as well as its infrastructure and activities.