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Announced

Completed

The Glue completed the acquisition of a majority stake in Hyfen from APG.

Financials

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Transaction Value-
Consideration TypeCash
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Single Bidder

Cross Border

Majority

ecosystems

Data Centers and Hosting

Netherlands

Private

Friendly

Acquisition

Completed

Private Equity

Synopsis

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The Glue, a designer and developer of application software solutions, completed the acquisition of a majority stake in Hyfen, a spin-off of APG focused on developing platforms for complex and cross-business processes. Financial terms were not disclosed. “Much remains to be done on the European playing field of pension service providers. By joining forces and focusing on the creation of platforms with innovative data exchange, we want to deliver added value in this domain,” Paul Grimbers, The Glue CEO.

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