Prodware Group finalizes the acquisition of Westpole Benelux

Paris, March 14, 2023

The shareholders of WESTPOLE Benelux (turnover 40 M€) had mandated TwinL M&A advisory firm to organise an “industrial” sale with a major player of the Consulting and Digital Transformation industry. The mission is successful as PRODWARE has been chosen to reinforce its presence in Europe after a competitive process.

Westpole Benelux is operating in 4 countries (Belgium, Luxembourg, France and Italy) and has more than 40 years of expertise in information technology: outsourced services, business process management, cloud computing and cyber security solutions. Westpole Benelux manages the strategic information systems of government bodies in Belgium, Luxembourg and Italy, as well as those of the European Union. The Group has a strong foothold with major industrial accounts and is also well established in the Public and Banking markets. Westpole Benelux employs around 400 people and has a turnover of just over €40 million.

This acquisition, which is fully in line with Prodware’s growth strategy, brings significant synergies:

• Strengthening of existing positions and geographical expansion (Italy),
• Enrichment of the portfolio (particularly in the areas of security, cloud and compliance, where Westpole Benelux has recognised expertise),
• Positioning in new sectors such as Public procurement and Banking.

“Prodware and Westpole Benelux are two highly compatible and complementary companies. The multiple synergies resulting from this coming together will unleash incredible value for all employees, customers and partners” according to Alain Conrard, CEO of Prodware Group

“Westpole Benelux has welcomed the Prodware offer with great enthusiasm. The group will now be operating in 14 countries providing an even more comprehensive solution portfolio to a wide range of customers. Like Prodware, Westpole Benelux supports companies at every stage of their digital transformation journey, offering an integrated approach to IT solutions and services, focused on reducing complexity, driving innovation and ensuring data security” commented Massimo Moggi – CEO of Westpole

The TwinL M&A advisory team managed the entire transaction process: selection and approach of potential buyers, discussions and negotiation of agreements with the selected Group until closing.

“I am proud of the work of the TwinL team who successfully completed a complex sale process involving managers in 4 European countries” said Frank Loubaresse – CEO of TwinL M&A advisory firm.

“TwinL did a very good job in supporting this challenging transaction proofing knowledge of our market and competence of our business model. Thank you Sevim, Frank and Laurent. See you in the next deal.” Massimo Moggi – CEO of Westpole

About Westpole Benelux

Westpole Benelux is an IT Solution and Service provider. With over 40 years’ experience in Technology and Innovation, Westpole Benelux is a partner of choice for businesses when it comes to supporting their digital transformation journey.

​The company’s vision is to support the digital transformation journey of companies with a comprehensive and customized approach providing technological support, expertise and guidance. It assists its clients in addressing strategic challenges in different areas, such as Cloud Computing, Infrastructure, Applications and Cybersecurity, as well as cutting-edge areas such as Artificial Intelligence. ​

​Westpole Benelux embraces innovation with a pioneering, passionate and emphatic state-of-mind that establishes it as a benchmark for the industry.”

For more information: https://westpole.be/

About Prodware

With 30 years of experience and know-how in IT innovation, we strive to provide value and expertise to our customers around the world. Whether we’re implementing the most ambitious cloud strategies, developing AI-powered decision-making tools, or creating IoT applications, Prodware is always at the cutting edge of innovation. 

Since its inception, Prodware has leveraged technological progress to help businesses prepare for the future by creating new economic models for the manufacturing, sales, distribution, finance and professional services industries. 

The Prodware group includes more than 1 065 employees across 12 countries. It generated €188,3 M in revenue in 2022. Prodware SA is listed on Euronext Growth and is eligible for FCPI (innovation funds) and SME PEA (equity savings plan). 

For more information: http://www.prodware-group.com

About TwinL M&A advisory firm

TwinL has been assisting shareholders & managers for over 15 years with their business sales and acquisitions or financial engineering operations (OBO, LBO, MBO, etc.). Our team has completed nearly 100 successful transactions in France and abroad in the small & mid cap segment. It is this experience, coupled with rigorous process and a strong information system, that enables us to guarantee our clients a successful transaction under the best possible conditions.