Litecad has been acquired by The Specialist Group

February 2023 — Litecad, the Netherlands-based engineering firm and provider of technical secondment services, has been acquired by The Specialist Group (TSG), a leading provider of technical engineering specialists for sectors such as power, chemicals, infrastructure, renewables and life sciences. Together, TSG and Litecad will continue supporting clients in their transition towards new energy and sustainable operations.

Litecad has become highly recognized in the energy transition sector, providing technical specialists to the power, infrastructure and industrial sectors servicing clients such as Tennet, Siemens, Nuon and North H2. The company has approximately 150 specialists. Over the past few decades, Litecad has been involved in a variety of projects, including wind, hydrogen development and the realization of green energy hubs in the north of the Netherlands.

TSG is a platform that deploys technical engineering specialists on a project basis. The group serves over 350 clients across technical end-markets, with a focus on enabling the energy transition. TSG operates via six labels (STAR Group, Sentijn, Or-Quest, Litecad, Fellow and ECC Solutions) and provides regional coverage across the Netherlands, Belgium, Germany, Sweden and Austria, focusing on both experienced candidates and young professionals.

Our role in the transaction

Oaklins’ team in the Netherlands acted as the exclusive sell-side advisor to the shareholders of Litecad.