Dutch IT service provider Luminis in the hands of M80 from Belgium

Dutch IT service provider Luminis in the hands of M80 from Belgium
Dutch IT service provider Luminis in the hands of M80 from Belgium

The Belgian investment fund M80 has acquired a majority stake in the Dutch cloud and data service provider Luminis. With this, the investment fund aims to grow into a European provider of services for digital transformation processes.

The idea is that Luminis can further expand its strategy and market position due to the majority interest of the Belgian investment fund. According to CEO Hans Bossenbroek, organic growth of the company was no longer possible due to the shortage on the labor market.

By letting M80 now take a majority stake, the Dutch cloud and data service provider can try to realize its growth ambitions. It has not been disclosed how much M80 paid for its majority stake.

Services Luminis

Luminis mainly focuses on delivering cloud applications based on AWS. Think of consultancy, software development, cloud application management and cloud migration. In addition, the company has its own Data-as-a-Service (DaaS) platform InformationGrid. With this platform, customers can use data in various ways for their business operations. Features of this platform include database and cloud abstraction, schema management and transformation, security and privacy by design, and domain and model development.

Luminis has offices in Amersfoort, Amsterdam, Rotterdam, Arnhem and Apeldoorn and provides services to Thales, Alliander, Huuskes, BDR Thermea, bol.com and The Learning Network.

M80 wants to become a European player

With the majority stake, M80 wants to take the next step in its European growth strategy. The investment fund aims to become a leading service provider in the field of digital transformation processes in a short period of time, mainly through strategic acquisitions in various European countries. The investment fund previously acquired XPLUS, a Belgian IT infrastructure specialist.

The Belgian investment fund invests in companies in the Benelux and France. It mainly focuses on growing companies in the healthcare, consumer, business services and industrial sectors. M80 aims to transform these companies to accelerate revenue and improve operations.

Tip: ‘One in five Belgians with a low income has no home internet’

The article is in Dutch

Belgium

Tags: Dutch service provider Luminis hands M80 Belgium

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