Incore, a specialist in the development of business-critical logistics and supply chain software, is being acquired by ICT Group B.V. who acquires 100% of the shares. Hogenhouck m&a advised Incore in this transaction.
Incore is a well-known name in the market
Incore provides a SaaS application, which contributes to more efficient collaboration within the supply chain sector. In this segment, Incore is a well-established name and has a broad installed base with renowned customers in the Netherlands, Belgium and Germany. Successful companies such as Action, Bol.com, Carrefour, Jumbo, HEMA and Heijmans use Incore’s logistics solutions.
After being founded in 2007 by Martin and Ferdinand Swaters, the company grew to become a leading provider for the retail sector with their Supply Chain Portal. In addition, use in the construction and food sector has increased in recent years. The current owners will also continue to lead the company under the banner of ICT.
Martin Swaters, director of Incore: “We are looking forward to becoming part of ICT Group. We are a small company with large customers. This acquisition creates the opportunity to further professionalize and expand the services to our customers.”
Momentum to grow in retail and construction sectors
Given the rise of more complex logistics processes and the rapid growth in e-commerce, ICT Group sees strong momentum for Incore to grow in both the retail and construction sectors. Goods come from a wide variety of suppliers at home and abroad, and pressures on timing and pricing make operational excellence necessary for adequate cost control. ICT Group has 2,000 specialists and has offices in the Netherlands, Bulgaria, France, Germany, Portugal and Sweden.
Karim Henkens, CEO ICT Group: “The acquisition of Incore fits into ICT’s strategy to be a leader in selected markets. Incore strengthens our position in the retail and logistics markets where they can join forces with our existing brands: ICT Logistics, Yellowstar and OrangeNXT. Furthermore, we see opportunities to expand this proposition to other European countries where ICT Group operates. Incore’s staff are passionate academics with an excellent track record and we are happy to welcome them to ICT Group.”
Hogenhouck advised Incore with Hein Stoops, Daan Zonneveld, Edwin Lips and Adriaan Verbeek. Hein Stoops: “Joining ICT Group marks the start of the next phase for Incore, with which the high-quality products built by Martin and Ferdinand Swaters and their team can be rolled out more quickly. In addition, with ICT Group’s resources, Incore can serve its customers even better and ICT Group adds a proven software product with a strong team and appealing customers.”