A cross-border Belgian and Dutch AKD team advised MAIT Group, a German private-equity-backed specialist in industrial digitalisation, on its acquisition of its Belgian industry counterpart 4ITEGO from Smile Invest and the managers.

The transaction was structured through a competitive auction process led by majority investor and shareholder Smile Invest, with the manager-shareholders also exiting. AKD’s M&A and Competition team continues to assist with bringing the transaction to closing and with the Dutch merger clearance process.

4ITEGO develops software for the manufacturing industry and has a strong presence in both Belgium and the Netherlands. The company supports manufacturing businesses facing complex digital transformation challenges. The group generates revenue of 43 million euros and employs more than 100 people.

MAIT International GmbH is a B2B IT services and consulting company that helps other organisations digitalise their operations through software, implementation, and managed IT services.

The cross-border AKD team was led by Timothy Speelman, in coordination with Erwin Rademakers and Jeroen Pop for the Dutch aspects of the transaction. The team further consisted of Pieter De Vos and Noah Klaver, along with numerous other specialists from the Belgian and Dutch teams involved in the due diligence process.

Press releases and other media mentions can be found in Dutch (here and here) and in English (here, here and here).