Add-on Acquisition • Information Technology

Ordina Acquires IFS Probity

On September 1, 2021, Ordina acquired information technology company IFS Probity

Acquisition Context

This is Ordina’s 2nd transaction in the Information Technology sector.
This is Ordina’s 1st transaction in the Netherlands.

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M&A Deal Summary
Date	September 1, 2021
Target	IFS Probity
Sector	Information Technology
Buyer(s)	Ordina
Deal Type	Add-on Acquisition

Target Company

IFS Probity

Barneveld, Netherlands

IFS Probity is an independent IT services provider based in Barneveld, with around 40 employees. We have in-depth expertise in the utility sector and complex, high-volume invoicing and billing processes, primarily based on the SAP BRIM and SAP IS-U platforms. IFS Probity focuses on application consultancy, business consultancy, and project and process management, at the intersection of business and IT. Our roots are in the Dutch utilities and transport sectors and we now operate in a wide range of sectors. IFS Probity was formed in 2004 and is based in Barneveld, Netherlands.

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Buyer Overview 1

Buyer

Ordina

Nieuwegein, Netherlands

Category	Company
Founded	1973
Sector	Information Technology
Employees	2,436
Revenue	429M EUR (2022)

DESCRIPTION

Ordina is a provider of consulting, solutions, and IT in the Netherlands, Belgium, and Luxembourg. Ordina was founded in 1973 and is based in Nieuwegein, Netherlands.

Deal Context for Buyer	#
Overall	3 of 3
Sector: Information Technology	2 of 2
Type: Add-on Acquisition	3 of 3
Country: Netherlands	1 of 1
Year: 2021	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-09-12	E-Chain Management Kontich, Belgium E-Chain Management is a provider of SAP-based business automation services. E-Chain Management is based in Kontich, Belgium.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2008-09-12

E-Chain Management

Kontich, Belgium

E-Chain Management is a provider of SAP-based business automation services. E-Chain Management is based in Kontich, Belgium.

Buy

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