The acquisition of a controlling stake in Realdolmen marks a transformative expansion for the group’s operations in the Benelux region, establishing a dominant market position in Belgium and Luxembourg. This strategic move follows a successful friendly public tender offer, allowing the organization to integrate a leading regional player with a strong track record of operational performance and technical excellence. The strategic rationale for the transaction is rooted in the convergence of international development goals and the increasing demand for end-to-end digital transformation services across European markets. By absorbing this specialist platform, the group significantly enhances its technical capacity and operational density, specifically within the public and financial services sectors. The partnership is built on the preservation of local management and technical expertise, ensuring a smooth transition and the continuity of high-quality client service. Furthermore, the integration allows for significant commercial synergies, providing the group with a robust multidisciplinary service offering to address complex IT infrastructure and data migration challenges for a diverse client base. This move reinforces the group's position as a primary enabler of digital growth in the European technology services landscape.

REALDOLMEN, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 13.0x average currently observed in the TMT (Tech, Media, Telecom) sector.

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