Smile Invest to acquire a majority stake in 4ITEGO Group.

Smile Invest, a private equity firm, agreed to acquire a majority stake in 4ITEGO Group, a provider of software solutions and services, focused on product development and digital process integration. Smile Invest invests alongside Xavier Werbrouck and the management team and replaces Robur Capital as growth accelerator. Financial terms were not disclosed. “Over the past few years, 4ITEGO has realised a strong growth trajectory, strengthening our market position in the Benelux. Together with Smile Invest, we will continue to expand the range of services and solutions offered to our customers and partners. We are convinced that Smile Invest is the ideal partner to support our growth given their focus on innovative companies and their knowledge and experience in digitalization of development and production processes," Xavier Werbrouck, 4ITEGO Founder and CEO.