Ctac completes acquisition of Purple Square
Oaklins supports Business & Cloud Integrator Ctac N.V. (Ctac) (Euronext Amsterdam: CTAC) in the acquisition of 70% of the shares in Purple Square Management Partners B.V. (Purple Square), a specialist in Programme & Project management and Change management.
The acquisition of the majority stake in Purple Square fits well within Ctac’s business model and strategy. Ctac aims to provide its clients with added value in their digital transformation journey, not only by offering the right IT solutions, but also through its active involvement during the business transformation. Purple Square will continue to operate as a standalone company within the Ctac Group.
Purple Square will contribute to the growth of our Consultancy activities as of the 2020 financial year. The acquisition will also contribute to Ctac’s EBITDA and earnings per share.PIETER-PAUL SAASEN, CFO CTAC
Ctac’s strategy is aimed at taking up leading positions in the following domains: IT modernisation, Connected Intelligence, Transformation & Change Management, Security & Trust, and Business Transformation.
Jan-Willem de Groot, Director at Oaklins’ ECM & Equity team in Amsterdam commented: “Leveraging on our sector expertise, Ctac mandated Oaklins to advise on its newly established acquisitive growth strategy. This strategy aims at growing towards a EUR 100m – EUR 150m revenue company, with a strong ambition to enter the Amsterdam Small-cap Index.”
A leading ICT company specialised in Business & Cloud integrations
As a Business & Cloud Integrator, Ctac helps its clients realise their ambitions. Ctac creates the required business value through constant innovation. Ctac offers a broad portfolio of solutions, including SAP and Microsoft ‘on any cloud’ solutions, and provides services in the fields of consultancy, managed services, projects, learning and secondment. In addition, Ctac has a number of its own products, including the XV Retail Suite, which consists of an omnichannel-driven Point-of-Sale & Loyalty platform. In 2019, Ctac is in business for 27 years and over the years it has built up extensive experience and material know-how in the retail, wholesale, manufacturing and real estate sectors. In 2018, Ctac recorded 83 million euro in revenue.
Ctac is listed on Euronext Amsterdam (ticker: CTAC) and its head office is located in’s-Hertogenbosch, the Netherlands. As per September 2019, Ctac had 400 employees.