’s-Hertogenbosch (The Netherlands), 14 January 2021 – Business & Cloud Integrator Ctac N.V. (Euronext Amsterdam: CTAC) reports that the previously announced acquisition of 51% of the shares in Oliver IT B.V. (Oliver), a specialist in integration and software development, has been completed today.

Oliver will continue to operate as an independent part of the Ctac group. According to Ctac CFO Pieter-Paul Saasen, the acquisition will make a contribution to Ctac’s EBITDA and earnings per share as per 1 January 2021.

Ctac’s strategy is focused on acquiring leading positions in the domains: IT modernisation, Connected Intelligence, Transformation & Change management, Security & Trust and Business Transformation. The acquisition of the majority stake in Oliver is a seamless fit with Ctac’s business model and strategy.

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