’s-Hertogenbosch (The Netherlands), 3 March 2020. Business & Cloud Integrator Ctac N.V. (Euronext Amsterdam: CTAC) has signed a letter of intent with a view to the acquisition of 75% of the shares in Oliver IT B.V. (Oliver), a specialist in integration and software development. Oliver is based in ‘s-Hertogenbosch and was founded in 2009. The ambitious team currently comprises around 40 employees. The company works according to the motto “Redefining Simplicity” and is market leader in integration, web & mobile solutions.

“Following the acquisition of Purple Square Management Partners – this acquisition is the next step in the realisation of our equity story. Onboarding Oliver’s knowhow, expertise and track record is a boost for Ctac as it expands our portfolio and our competences in integration, web and mobile solutions.”

Henny Hilgerdenaar, CEO of Ctac

“Oliver’s annual revenue is around EUR 6 million and will contribute to the growth of our consultancy activities from the financial year 2020. The acquisition will also contribute to Ctac’s EBITDA and earnings per share”

Pieter-Paul Saasen, CFO of Ctac


Gerben Moerland, co-founder of Oliver: “The use of and migration to Cloud solutions is a major trend in the market, which requires the right integration and app and mobile expertise. Cooperation and scale will be vital if Oliver is to achieve its full potential in this market. For us, Ctac is the logical strategic partner.”

“Thanks to this strategic move, we can both seize new opportunities and together continue to develop our own propositions, and offer our clients more added value”, says Martien Merks (Oliver co-shareholder).

Gerben Moerland and Martien Merks will continue to work at the company and will continue to hold a minority stake in Oliver, which safeguards their engagement. Ctac will settle the majority of the acquisition in cash. In addition, the two companies have reached agreement on the acquisition of the remaining minority stake in three years’ time. The acquisition of the 75% stake is expected to be completed mid-April. Oliver will continue to operate as an independent part of Ctac.

The acquisition of the majority stake in Oliver is a seamless fit with Ctac’s business model and strategy; Ctac wants to offer its clients added value in their digital transformation journey, among other things by offering them the right IT solutions.

Ctac’s strategy is focused on building leading positions in the domains: IT modernisation, Connected Intelligence, Transformation & Change management, Security & Trust and Business Transformation.

De verkrijging van het meerderheidsbelang in Oliver past naadloos bij het businessmodel en in de strategie van Ctac, waarbij Ctac haar klanten toegevoegde waarde wil bieden bij hun digital transformation journey, onder meer door het bieden van de juiste ICT-oplossing.

Ctac’s strategie is er op gericht om leidende posities in te nemen in de domeinen: IT modernisation, Connected Intelligence, Transformation & Changemanagement, Security & Trust en Business Transformation.


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