’s-Hertogenbosch, 1 October 2021 – Business & Cloud Integrator Ctac N.V. (Euronext Amsterdam: CTAC) has signed a purchase agreement for the acquisition of 80% of the shares in Digisolve-Mijn ICT B.V. (Digimij), a specialist in software and hardware solutions, as per 1 October 2021.

Digimij is based in Helmond. The company’s ambitious and motivated team currently consists of 12 employees. Digimij is a trusted IT partner for numerous small and medium-sized companies (SMEs) in the Southeast Brabant region.

Henny Hilgerdenaar, Ctac CEO: “This strategic acquisition is the third step in the realisation of our equity story. For Ctac, the onboarding of Digimij is an interesting and logical move to strengthen our IT management services, giving us the opportunity to offer our clients a greater range of solutions, both on-site and in the cloud. This acquisition is another step towards the optimisation and expansion of our cloud services. It will also give us the opportunity to expand our reach strongly in terms of additional services to new clients via the Digimij channel. We are very pleased to have secured the commitment of Digimij to realise future growth for both Digimij and our own products and services. We also expect to see additional growth in this market segment.”

“Digimij’s records annual revenue of more than € 2 million and will contribute to the growth of our cloud activities from the fourth quarter of the current financial year. The acquisition will also make an immediate contribution to Ctac’s EBITDA and earnings per share. Ctac will finance the acquisition from its own resources and will not obtain any additional financing or issue new shares”, says Pieter-Paul Saasen, Ctac CFO.

Edwin Hillen, co-founder of Digimij: “One current trend among IT service providers is the search for scale and the expansion of end-to-end IT services. Digimij will be a part of Ctac which offers our clients greater stability, as well as the opportunity to make use of more IT services via the Ctac channel that is now open to us. Both companies will complement and strengthen each other via every possible form of cooperation. For us, Ctac is the logical party for a strategic partnership.”

Edwin Hillen and co-founder William Verkoelen will remain with the company as senior management and will retain their minority stake in Digimij, which guarantees their commitment. The acquisition of the 80% stake will be paid in cash. In addition to this, the two companies have reached agreements on the acquisition of the remaining minority stake in Digimij, a limited part of which will eventually be acquired in exchange for Ctac shares. Digimij will continue to operate as an independent part of the Ctac group… read more

Download press release as PDF