Investment company Fortino Capital Partners (Fortino) has acquired a majority stake in cloud hosting and managed services provider Odin Group
. Fortino, which has headquarters in Zaventem, Belgium, was established in 2013. The company’s operations have a leaning towards technology companies, especially startups and scaleups involved in digital growth in the Benelux region. Fortino focuses on companies with cloud/SaaS technology platforms and ‘Company 3.0’ businesses. Financial aspects of the deal were not released.
Odin Group has offices in Hengelo and Vianen in the Netherlands and provides IT solutions such as cloud hosting and managed services options to predominantly small and medium-sized companies. The company also provides security and consulting services. With 470 employees the group furnishes its customers “with the required expertise in making strategic ICT decisions”. Its 2018 turnover was 82 million euros ($91 million).
“We see Fortino as the perfect partner to support us in the next phase of our growth,” explained Odin Group’s CEO and founder, Hans Lesscher. “After almost 30 years of building the organization together with my team, it is time for the next step forward. Fortino has the knowledge, experience and financial strength that we need to further shape our ambitions. In doing so, we remain true to our principle: providing complete IT solutions that enable our customers to make a difference”.Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.