Fortino acquires Odin Group

Fortino Capital Partners has acquired a majority stake in Odin Group, a provider of IT solutions, cloud hosting, security, managed services and consultancy. No financial terms were disclosed.

PRESS RELEASE

Odin Group and Fortino Capital Partners (“Fortino”) today announce that investment company Fortino has taken a majority stake in the Odin Group. The management of the Odin Group believes that Fortino is the right partner to support their growth ambitions and the further development of the Odin Group, whereby delivering excellent customer service will be paramount.

Odin Group is an independent ICT service provider consisting of the companies Previder, Heutink ICT and Winvision. Odin Group specializes in IT solutions, cloud hosting, security, managed services and consultancy. The Odin Group relies on the knowledge of its 470 employees to provide its customers with the required expertise in making strategic ICT decisions.

The Odin Group operates from two offices (Hengelo and Vianen), and believes in customer proximity to fulfill the ICT needs of its clients. Odin Group has a strong presence in the segment of small and medium-sized companies, and has leading market positions in the healthcare sector and primary education. In 2018, the Odin Group achieved a turnover of 82 million euros and an EBITDA of over 15 million euros.

“We see Fortino as the perfect partner to support us in the next phase of our growth”,says Hans Lesscher, CEO and founder of the Odin Groep. “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”.

Duco Sickinghe, Managing Partner of Fortino Capital Partners: “The ICT market is evolving rapidly, making it increasingly difficult for organisations to surround themselves with the required IT knowledge. We strongly believe in the added value of the Odin Group as a trusted ICT partner for its clients. We look forward to supporting Hans and his employees with the further growth of the Odin Group, both autonomously, as well as opportunities to work more closely together with other companies.”

About the Odin Group
Odin Group offers a safe home for IT companies and IT specialists. Our IT infrastructure and service offering consists of managed services, cloud and datacenter solutions, security and advisory services. We act as a trusted IT partner for our companies, schools and institutions.Every day, our 470 employees ensure that customers can rely on us when making ICT related decisions. For more information: www.odin-groep.nl.

About Fortino Capital
Fortino Capital Partners is an investment company with a focus on technology and digital transformation. Our mission is to support ambitious management teams in realizing their growth plans. We invest in young companies (venture capital) and established companies (growth capital) where growth is an integral part of the strategy. Fortino has offices in Belgium and the Netherlands, and also invests beyond the Benelux. Fortino’s investment portfolio includes MobileXpense, Maxxton and Teamleader. For more information, please visit www.fortino.be.