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New Deal


Announced

EMK Capital-backed Broad Horizon to acquire Iquality.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Acquisition

Domestic

Software

software development

Friendly

Netherlands

software development kit

Private

Pending

Single Bidder

Majority

Synopsis

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EMK Capital-backed Broad Horizon, an IT service management company, agreed to acquire Iquality, a specialist in the design, development, and management of customized cloud applications. Financial terms were not disclosed. "We are very excited to welcome the Iquality team to the Broad Horizon Group. This acquisition is right at the core of our strategy, complementing our portfolio with application development to our wider suite of services centred around Microsoft’s cloud propositions. At the same time, we are creating a strong application management practice with our teams across Iquality in the Netherlands and Delegate in Denmark. We are delighted to welcome the Iquality team to our Group of over 1k cloud engineers and consultants across North Europe and we look forward to jointly realizing our growth ambitions whilst providing our customers with unrivalled cloud services," Jean-Yves Charlier, Broad Horizon CEO.

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