Egeria takes 65% stake in Ilionx

Prior to the transaction, Ilionx was fully owned by its directors and management team.

In recent years, the company has expanded its services portfolio into security, information management, management consulting and digital marketing, it said in a statement. Ilionx claims to have doubled its revenues over the last five years, having now reached €50m.

With Egeria's backing, Ilionx is hoping to triple its turnover, with the possibility of making targeted acquisitions. It will also look to improve its digital offering and integrated services, the company said in a statement.

The transaction should be completed at the end of June. Ilionx will operate under the same name, and company management will stay in place. 

Company
Established in 2002, Ilionx provides a range of services to assist organisations in the creation, implementation, testing and management of information and communication technology. It offers services such as security, data science, development, cloud computing, management consulting and digital marketing. Customers include ProRail, the Dutch Central Bank, gas company Gasunie, Rabobank and the Netherlands Organisation for Applied Scientific Research (TNO).

Based in Utrecht, the Netherlands, Ilionx employs approximately 350 people and recorded sales in excess of €50m last year, with €5.8m in EBITDA.

People
Egeria Capital Management – Floris Waage (partner).
Ilionx – Wiebe de Boer (managing director).

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