GEM Benelux sells Nspyre

The acquisition, which was financed entirely by Altran, means the Benelux division of Altran Group will have 1,800 employees in total.

Previous investment
GEM Benelux acquired Nspyre in June 2008 in a management buyout. The firm carved the technical automation business out of Ordina and, six months later, merged it with Atos Origin's technical automation activities.

In August last year, the company bolted on the engineering and information services division of Irmato Group.

Company
Founded in 2008, Nspyre is headquartered in Utrecht with additional offices in Eindhoven and Zwolle. The company provides IT services for the high-tech, industrial and public sectors such as transport, infrastructure, defence and aerospace.

Nspyre employs 680 staff and generated revenues of €64m in 2014.

People
Philip van Blanken is the CEO of Nspyre. Philippe Salle is the chairman and CEO of Altran, while Pascal Laffineur is the CEO of Altran Benelux.

Advisers
Vendor – PwC Corporate Finance (Corporate finance); Simmons & Simmons (Legal); EY (Financial due diligence, tax).
Acquirer – Boer & Croon Corporate Finance (Corporate finance); CMS Derks Star Busmann (Legal); Grant Thornton Specialist Advisory Services (Financial due diligence, tax).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Benelux
• Support services
• Trade sale
• Netherlands
• Gilde Equity Management Benelux