Amsterdam/Dortmund | 4. November 2020
adesso has acquired majority interests in three Dutch software development companies to support further growth in the Netherlands and to achieve an advantageous size for adesso-typical IT projects. The companies Blue4IT, Codesquad and Bluefront, which were part of Blue Group IT, are specialized in the development of front-end and back-end software applications for parties such as banks, various multinationals, government institutions and therefore make a perfect match for adesso’s strategy and market access.
Part of adesso's growth strategy is internationalisation with a local footprint. The transaction increases adesso’s number of employees working in the Netherlands by 43. The managing directors of Blue4IT, Codesquad and Bluefront will remain involved with a minority interest of together under six percent and will remain part of the company's operations.
adesso Netherlands B.V. was founded in July 2019 with managing director Jan Heuker at the helm. With the acquisition of Blue4IT, Codesquad and Bluefront, adesso aims to further increase its footprint in the Dutch IT market. The three companies are specialized in front- and backend architectures based on Java. The joining of forces between adesso and Blue Group IT results in an excellent symbiosis in which both parties can benefit from each other's knowledge and expertise.
Jörg Schroeder, Chief Financial Officer of adesso, explains the reasons for the latest acquisition of adesso Group in the Netherlands: "Through our majority shareholding in three successfully operating companies of Blue Group IT, we are expanding our highly qualified IT team in the Netherlands and offer the Dutch market access to the bundled knowledge and IT expertise of over two decades of adesso Group in Europe.
Jan Heuker, managing director of adesso Netherlands, is looking forward to the growth of personnel and know-how in his company: “The cooperation between adesso and Blue4IT, Codesquad and Bluefront is promising, mainly because of its future development opportunities within the adesso Group. The collaboration on a high level of knowledge and experience instantly brings adesso Netherlands in the situation to tender for challenging projects with attractive clients to support further growth.”
Marktlink Mergers & Acquisitions accompanied the deal in the Netherlands for adesso: Fredrik Jonker, transaction expert at Marktlink Amsterdam: "The IT sector is one of the fastest growing sectors in the Netherlands and at the same time still very fragmented. Digitalization is in full swing and will continue for years to come. Programmers are scarce and it is difficult for IT companies to find well-qualified professionals. In Germany, adesso is one of the IT companies that is developing the fastest and whose know-how can offer added value here".