23 / 05 / 2017
Egeria acquires majority stake in ilionx
Goal of the investment is to increase the growth of the IT service provider
Utrecht, 23 May 2017 – Directors and management, both 100 percent shareholders of IT service provider ilionx, have reached an agreement with Egeria about a participation of 65 percent from Egeria in ilionx. Together with Egeria, management wants to significantly increase the speed of realization of its strategy.
“Increasingly, information technology is becoming a primary process for many organizations. Therefore, we have expanded our service portfolio in the fields of security, information management, management consultancy and digital marketing. This strategy allowed ilionx to double in size autonomously in the last 5 years”, according to CEO Wiebe de Boer. “We see opportunities to further expand our service portfolio in the coming years. With Egeria as shareholder we are able to make this step. Our order portfolio is increasing, as well as our average order value. In the coming years we do not only expect an increasing market demand, but also increasing pressure in the labor market. Therefore, next to autonomous growth, it is of strategic importance for ilionx to do targeted acquisitions. We see that the market is asking for a service provider like ilionx which on one hand is large enough to support complex (business) issues with modern solutions while on the other hand being more agile, fast and entrepreneurial than the established companies.”
“The decision to invest in ilionx is based on three pillars: quality of management, proven results in the past and the strategy which forms the basis of these results”, says Floris Waage, partner at Egeria. “IT departments are not only supportive, but are becoming more and more enablers of primary company processes. Ilionx anticipated this in a smart way by investing in business related services.”
Egeria is an independent investment company focusing on long term investments. It is the philosophy of Egeria to invest in healthy, well led companies with a Dutch head quarter which operate in markets with attractive growth perspectives. Egeria works in close cooperation with the management teams.
The investment by Egeria will not change the name or management structure of ilionx. It is expected that the transaction will be closed before the end of June.