Ad Ultima Group attracts Waterland as a strategic partner

Kortrijk, 28 augustus Waterland invests in Ad Ultima Group and Pylades and creates a strong European business software partner with deep market knowledge and a focus on Microsoft Dynamics and PTC

Highlights:

– Waterland brings together Ad Ultima Group and Pylades creating a strong European business software partner with a focus on Microsoft Dynamics 365 and PTC.

– The combined group realizes sales of € 50 million and counts more than 350 employees.

– The group is active in Belgium, the Netherlands and France, and will selectively enter new markets.

– The group strategy is based on deep knowledge in several well identified sectors.

– Waterland will help accelerate the growth of the combined group, both organically and by means of acquisitions.


 

The international investment firm Waterland brings together Ad Ultima Group and Pylades, and takes a majority stake in the combined group. The group realizes sales of € 50m and counts more than 350 employees. Waterland as a strategic partner will help accelerate growth, both organically and by means of acquisitions.

Ad Ultima Group was founded 20 years ago in Belgium by current CEO Filip Bossuyt and has since realized a strong growth trajectory. Historically Ad Ultima Group’s focus was on the implementation of Microsoft ERP systems at companies active in the logistics, manufacturing or construction sector. To this day these sectors remain the clear focus of Ad Ultima Group. Along the way the company grew into a long term partner supporting ‘end-to-end’ digital transformation projects, including challenges around industry 4.0. In this light Ad Ultima Group also offers services around product lifecycle management, CAD design, CRM and document management (through her own software platform ‘Ex Arte’).

Pylades was founded in the Netherlands in 1986 by Michiel Nijsse, but has been led by Managing Partners Pieter Duyvenvoorde and Mark Gooijersince 2008. Pylades is the Dutch specialist in Microsoft Dynamics 365 implementations (ERP, CRM, BI) and was one of the first Microsoft Gold Certified partners in the Netherlands. Pylades supports her customers in their transition to the cloud and with the digital transformation and optimization of their company processes. Through a continuous focus on its sectors (Services, Trade & Logistics & Industry, Organisations and Import Distribution Service & Maintenance) Pylades supports its customers with a lot of knowledge and dedication.

Both companies are complimentary on multiple levels. Ad Ultima has a strong position in Belgium, a growing activity in France, and a limited presence in the Netherlands. Pylades has been active for more than 30 years in the Netherlands, with a leading position in specific sectors through both national and international customers. Both companies are frontrunners in helping their customers in their digital transformation trajectory through a strong focus on ‘cloud’ applications. Next to Microsoft Dynamics 365 and PTC solutions they offer significant added value for customers through proprietary software solutions. Together with Waterland the group wants to reinforce its position in its home markets, as well as expand its international footprint.

Filip Bossuyt (Group CEO) states: “The combination of Ad Ultima and Pylades, two very complimentary companies, immediately creates a strong group. This is a first step in a broader consolidation play in the Western European market, which to date is still very fragmented and in which we want to act proactively. We are operating in exciting sectors where companies are in large part dependent on efficient and innovative solutions to improve and/or maintain their competitive position. We view our customers as long term partners and look forward to reinforcing that partnership even further. The proven experience of Waterland in supporting companies in an accelerated, international growth strategy by means of ‘buy & build’ makes them the best suited partner for the group.”

Filip Bossuyt will celebrate its 20th year as a CEO

Mark Gooijer (MD Pylades) states: “Building a larger, international group together with Ad Ultima and Waterland is a logical next step for Pylades, which has already built out a strong market position in the Netherlands.”. Pieter Duyvenvoorde (MD Pylades) adds: “I look forward to writing the next chapter together with Ad Ultima and Waterland”.

“Ad Ultima and Pylades have both built out a strong reputation in the field of business software implementation, with a focus on Microsoft Dynamics 365 and PTC products combined with their own ‘Intellectual Property’. This partnership fits perfectly with our strategy to support the international growth of leading businesses.” states Cedric Van Cauwenberghe, Managing Partner Waterland.

About Ad Ultima Group Ad Ultima Group (www.adultimagroup.com), founded by Filip Bossuyt in 2001, is a Belgian specialist in the implementation of business software. The group supports ‘end-to-end’ digital transformation trajectories through a broad range of products: Microsoft Dynamics (ERP/CRM), PTC (CAD/PLM/IOT) and own IP (Document Management). Ad Ultima Group is active in the Benelux and France and supplies services to customers in 3 specific sectors (construction, logistics and manufacturing).

About Pylades Pylades (www.pylades.com/en), founded in 1986, is a Dutch specialist in the implementation of Microsoft Dynamics 365 (ERP/CRM/BI). Pylades supports her customers in their transition to the cloud and with the digital transformation and optimization of their company processes. Through a continuous focus on her sectors (Services, Trade & Logistics & Industry, Organisations and Import Distribution Service & Maintenance) Pylades supports its customers with a lot of knowledge and dedication.

About Waterland Waterland (www.waterland.nu) is an independent investment firm that supports entrepreneurs in realizing their growth ambitions. With substantial financial resources and specific market knowledge, Waterland enables its portfolio companies to accelerate growth both organically and through acquisitions. Waterland is active on a financial, strategic and operational level. Waterland has offices in Antwerp (BE), Bussum (NL), Munich (DE), Hamburg (DE), Zurich (CH), Warsaw (PL), Manchester (UK) and Copenhagen (DK) and currently manages a committed capital of € 6 billion.