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The M&A Watch: Western Europe – Sept. 2021 Coverage

By Carolina D'Alencon | October 28, 2021


Our monthly M&A Watch spotlights deals in the Information Technology industry throughout Western Europe.

September saw 36 deals getting closed in the Western Europe IT Services M&A space, compared to 40 last month. Private equity buyers were particularly acquisitive – with 21 transactions, as compared to the 15 closed by strategic acquirers. If activity in the region remains at this level, it could culminate a potential record year for deal volume.

​​Fayat, a provider of construction and civil engineering services, acquired IT consulting service provider NXO. NXO, based in France, provides digital infrastructure services, communication and collaboration capabilities, and cybersecurity solutions. Additionally, NXO provides cloud and carrier services to its clients in both the Public and Private sectors, as well as helps its customers navigate digital transformation through its services. #France #ITConsulting

Xebia Group,a digital transformation consultancy company, completed the acquisition of g-company via its financial sponsor Waterland Private Equity Investments. g-company, based in the Netherlands, offers cloud migration solutions, support for app development, data analysis, and Salesforce integration. g-company services clients in various industries such as Healthcare, Non-profit, E-ommerce, and the Public sector. #Netherland #DigitalTransformation

Devoteam, a consulting and engineering group, acquired Dutch company Cloudeon for an undisclosed amount. Cloudeon is a consulting and cloud services company that provides cloud adoption services. Cloudeon tailors its solutions to each clients’ needs and helps customers from the strategy to the innovation phase. #Danemark #France #Cloud

Tactus Group,provider of original equipment manufacturing and supply chain solutions, completed the acquisition of the BIST Group, an U.K.-based provider of hardware and software IT solutions for the Educational and Private sector. The BIST Group is a leading IT reseller and technology supplier that serves clients nationally. The company also offers cloud computing services and consultancy for businesses looking to go through the digital transformation process. #UK #MicrosoftPartner

21 Invest,a private equity group headquartered in Italy, acquired TVH Consulting, a provider of ERP integration and consultancy services. TVH Consulting is a Microsoft and SAP ERP/BI solutions partner. The company serves small and mid-size clients in the Agricultural Cooperatives, Chemical, Retail, Distribution, Pharma, and Manufacturing industry. #France #Italy #ERP #ITConsulting

NTI Group, supplier of digital solutions for the Construction, Design, and Manufacturing industries in Europe, completed the acquisition of Italian consultancy Negroni Key Engineering for an undisclosed amount. Negroni Key Engineering provides IT consulting services, hardware, and software with focus on the Architecture, Manufacturing, Infrastructure, and Media sectors. #Italy #ITConsulting

Sewan, provider of telecommunication services in France, acquired French-based company Ikoula for an undisclosed amount. Ikoula offers outsourcing services, data center services, and network capabilities. The company has extensive capabilities in web hosting, dedicated servers, and cloud computing. The company owns three data centers in: France, the Netherlands, and Spain. #France #Cloud 

LDC, a private equity fund that belongs to Lloyds Banking Group, completed the acquisition of solutions provider REAL Digital International. The company is based in the U.K. and offers software solutions powered by data and automated fulfilment. #UK #Fulfillment #Data

About 7 Mile Advisors

7MA provides specialized Investment Banking & Advisory Services to the professional service firms in the Consumer Products & Retail industries. We help our clients determine the right strategic partners for their businesses, transition ownership, raise capital, grow through acquisitions, and evaluate new markets. We advise our clients on M&A and private capital transactions, and provide unique market insights. Our team brings experience and energy to all of our engagements, with a focus on helping our clients navigate a changing marketplace.

To learn more about how 7 Mile Advisors can help you evaluate and execute on strategic M&A or private capital alternatives for your business, please visit our website


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