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ICT completes acquisition of Proficium

5 November 2019

Today ICT Group N.V. (ICT) announces it has completed the acquisition of 100% of the shares of Proficium B.V. and Proficium OVK B.V. (collectively referred to as “Proficium”). The acquisition of Proficium is in line with the growth strategy of ICT and fully fits ICT’s strategic objective to become a total solutions provider.

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Proficium is a fast growing company delivering consultancy services and secondment in the infra market. Its services include developing and deploying tooling and database applications. Proficium has over 20 employees and generates an annual turnover of around € 3 million. With the existing water & infrastructure activities of ICT Netherlands and the acquisitions of NedMobiel and InTraffic, ICT is firmly positioned in the Dutch infra consultancy and engineering market. The specific skills of Proficium with regard to asset management and maintenance engineering further strengthen ICT’s position in this market.

Further financial details will not be disclosed.

This press release contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.