Cobepa to acquire a majority stake in Itineris from PMV, Gimv, Smartfin and SFPIM.

Cobepa, a private investment firm, agreed to acquire a majority stake in Itineris, a SaaS company providing utility software via its UMAX platform, from institutional investors and funds PMV, Gimv, Smartfin and SFPIM. Financial terms were not disclosed. “We are thrilled to welcome Cobepa as our new majority investor. As an equity partner with a long-term vision, Cobepa is a perfect match for Itineris. With Cobepa’s support, we will further enhance our solution offering, expand our global footprint, and continue enabling utilities to meet the challenges of tomorrow. I am truly excited about the opportunities ahead and look forward to a close and fruitful collaboration with the Cobepa team," Edgard Vermeersch, Itineris CEO and Founder.