Software supplier for supply chain solutions Yellowstar becomes part of the listed ICT Group. Yellowstar serves organizations in trade and logistics and has an annual turnover of approximately 8 million euros. Hogenhouck m&a advised the shareholders of Yellowstar in this transaction.
Yellowstar makes supply chains predictable
Yellowstar offers web-based solutions that provide real-time insight, access, and control in the supply chain. As of January 2021, the company has approximately 80 employees and reports annual turnover of approximately 8 million euros. Yellowstar, which was founded in 2009 and is based in Barendrecht, makes supply chains predictable and transparent. The company also realizes customized software solutions for transport management systems, dynamic planning boards, terminal operating systems, and customer and carrier portals. The software enables all partners in the supply chain to work together seamlessly 24/7.
ICT Group software offering expanded
The acquisition of Yellowstar is in line with ICT’s growth strategy. Yellowstar is active in the same geographic markets and strengths the position of ICT in industry, trade, retail, and logistics. With Yellowstar’s high-end and proprietary IP software for supply chain solutions, the software offering, and the recurring revenue base of ICT increases.
Own identity remains
Yellowstar continues to operate with its own identity and solutions for specific customer groups. The distinctive services and innovative approach in which people are first, will remain unchanged. Stijn Scheepers, CEO of Yellowstar: “We look forward to being part of the ICT Group. For us, it lays the foundation for further growth in the markets in which we operate. I am convinced that we are an excellent addition to ICT Groups’ existing portfolio where we will reinforce each other. Customers will especially benefit from our increased operational and business strength.”
Joining forces in the logistics and industrial market
ICT Group is a leading supplier of industrial technology with offices in the Netherlands, Belgium, Bulgaria, France, Germany, and Sweden. The group is listed on Euronext Amsterdam. Jos Blejie, CEO of ICT Group: “I am delighted to welcome the people of Yellowstar as our new colleagues. The company provides services to a renowned high-quality customer base and has an international focus. This acquisition is important for ICT because it strengthens our position in the logistics and industrial market and expands our own IP solutions portfolio.”
Photo: Jos Blejie (CEO), Jan-Willem Wienbeldt (CFO) of ICT Group bring out a toast on the collaboration with Marcel Bakker (CFO) and Hans Ketterings (COO) of Yellowstar (Stijn Scheepers, CEO of Yellowstar is not in the picture).