IK Investment Partners to acquire a majority stake in GeoDynamics from Sofindev.

IK Investment Partners, a private equity advisory group with operating across Northern Europe, agreed to acquire a majority stake in GeoDynamics, a SaaS provider specialising in location-based software solutions for mobile workforces, from Sofindev, an independent private equity firm investing in small and medium sized enterprises. Financial terms were not disclosed. “We have been proud to support GeoDynamics since 2016 in a partnership with Peter and Stijn. They have done a tremendous job, together with their team, to develop the company’s position as the number one provider in Belgium with a truly unique SaaS software solution for mobile workforce management. As the business has reached a scale to expand to new markets now is the right time to join with a new partner and we wish them every success with IK,” Jan Camerlynck, Sofindev Partner.