.
MergerLinks Header Logo

New Deal


Announced

Alychlo to invest €16m in Itineris.

Financials

Edit Data
Transaction Value£13m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Belgium

Friendly

Single Bidder

Pending

Minority

Acquisition

Private

Productivity Software

Cross Border

Software

Synopsis

Edit

Alychlo, an investment firm, agreed to invest €16m ($17m) in Itineris, a developer of a customer information system and ERP software. “While we also continue to grow in Europe, this financial boost allows us to capitalize on strategic acquisitions. For example, at the end of 2021 we acquired Opinum, a Belgian software company that develops a data platform to provide energy and water utilities with the insights they need to better manage energy consumption and optimize energy production, among other things. We have other opportunities on our radar, because ultimately we want to play a leading role in the energy and digital transition. Alychlo‘s track record of taking companies to the next level is a huge incentive for all of us to become even more successful on both sides of the ocean," Edgard Vermeersch, Itineris Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US