Collin Arocho
7 April

Pushing forward with its ambitious growth plan, ICT Group has announced to buy 100 percent of the shares of Profit Consulting and Strypes Netherlands. The news comes just a few weeks after the Rotterdam-based industrial automation expert made public that it had, itself, reached an agreement to be taken over, pending approval. The two acquisitions increase ICT’s scale and market share in the technical automation industry. The financial details of the purchases aren’t being disclosed.

Credit: ICT

Founded in 1998, Profit is a service provider in technical automation. It designs, develops and implements complex software solutions for a broad range of industries: healthcare, automotive, semiconductor, aerospace and government. With offices in Eindhoven and Apeldoorn, the company employs approximately 30 FTE and reported revenue of 3.9 million euros in 2020.

Strypes is a service provider in the field of technical and industrial automation. The company mainly operates in the transport and infrastructure sector but is also active in the life sciences, high tech, industry and utilities markets. It was founded in 2011 and used to be part of the same group as the current ICT nearshoring activities in Bulgaria. Portuguese subsidiary Strypes Technical Software Unipessoal LDA Portugal provides an additional nearshoring location. Headquartered in Leersum, Strypes employs approximately 40 FTE and reported revenue of 5.9 million euros in 2020.