Add-on Acquisition • Information Technology

Prodware Acquires Westpole

On May 14, 2023, Prodware acquired information technology company Westpole from LIVIA Corporate Development

Acquisition Context
  • This is Prodware’s 1st transaction in the Information Technology sector.
  • This is Prodware’s 1st transaction in Belgium.

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M&A Deal Summary

Date May 14, 2023
Target Westpole
Sector Information Technology
Buyer(s) Prodware
Sellers(s) LIVIA Corporate Development
Deal Type Add-on Acquisition

Target Company

Westpole

Vilvoorde, Belgium
Westpole is an IT Services & Solutions provider that represents the ideal partner for the Digital Transformation of business, thanks to 40+ years of experience in Technology and Innovation management. Westpole is based in Vilvoorde, Belgium.
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Buyer Overview 1

Buyer

Prodware

Paris, France

Category Company
Founded 1989
Sector Information Technology
DESCRIPTION

Prodware is an AUTODESK partner in France specializing in digital transformation, 3D digital twins’ expertise, virtual and augmented reality, AI and Metaverse latest innovation. Prodware is based in Paris.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Belgium 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER
DESCRIPTION

LIVIA Corporate Development is the direct investment arm of the LIVIA Group, a diversified German holding company. LIVIA Corporate Development looks to acquire non-core divestitures, spin-offs, businesses facing succession issues as well as restructuring situations. The Firm does not have any stated sector preferences, however prefers opportunities in Western Europe. The Group targets businesses and units with €20 million to €2 billion of revenue. LIVIA Corporate Development SE is headquartered in Munich.


Deal Context for Seller #
Overall 3 of 3
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 3 of 3
Country: Belgium 1 of 1
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-28 Archimica

Lodi, Italy

Archimica offers small- to large-scale commercial manufacturing as well as analytical support for the global biopharmaceutical market. The company is specialized in custom synthesis and the manufacture of active pharmaceutical ingredients (“APIs”). Archimica was founded in 1946 and is based in Lodi, Italy.

Sell -