BrazilKPMG and Grant Thornton advise on KPN ICT Consulting deal
Netherlands-based KPN ICT Consulting has been acquired by its Belgian counterpart Cegeka. The deal was advised on by bankers, consultants and lawyers specialised in mergers & acquisitions.
KPN ICT Consulting, formerly KPN Consulting and Getronics Consulting, was part of KPN since 2007. Under the wings of the telecom giant the consulting firm grew to a practice of around 1,000 employees, generating revenues of around €100 million.
KPN’s decision to sell KPN ICT Consulting is part of its strategy to refocus its activities on its core business – telecom and infrastructure services. The company will use the funds from the sale to bolster the operational and financial flexibility of the organisation and to improve the digital maturity of its operations.
For Cegeka, the deal grows its Benelux division to over 2,500 professionals, now accounting for half of its total headcount in nine countries: Belgium, the Netherlands, Austria, the Czech Republic, France, Germany, Italy, Romania and Russia.
“Through this transaction we can continue our growth and strengthen our market position in the Netherlands. The services of KPN ICT Consulting integrate seamlessly into the portfolio of our Dutch division,” said Karim Henkens, Managing Director of the business unit for the Netherlands, Germany, Austria and Switzerland and Scandinavia.
The deal between the two parties was advised on by corporate finance team from ABN AMRO consisting of Joscha van den Bos, Robbert Claassen, Ward van Vierssen Trip, Pranav Shah, Thomas Batsleer and Irma Ridder. Legal advisory was provided by Florent (Matthijs Brons, Hester van Woudenberg, Katharina Bottenberg) and tax advisory by Atlas Fiscalisten.
Meanwhile, transaction support services were delivered by M&A consultants from KPMG (Niek Kolkman, Bas Smits, Shivam Khanna, Can Okumus, Ilya Golubev, Morsal Sarwarzadeh, Diana Davydova, Matthijs van den Neste) and Grant Thornton (Wilfred van der Lee, Adam Azulai, Ryno Swanepoel).
