Gilde Equity Management Benelux (GEM) and the management of Ordina Technical Automation (OTA) have acquired 100% of OTA in a management buy-out. The company will continue her activities under the name Nspyre.
Lindenaar & Co co-ordinated the management buy-out for GEM and the management of OTA, including the deal origination, company valuation and buy-out analysis, deal negotiations, transaction documentation and closing of the transaction.
Profile Nspyre
Nspyre is one of the most experienced technical automation providers in its market niche. The services offering of Nspyre covers the whole range: consultancy & project management, development and engineering as well as SLAbased management – on a project basis or through secondment. At the time of the acquisition OTA employed approximately 375 employees and it realized revenues of about €36 million in 2007. At the end of 2008, the technical automation activities of Ordina and Atos Origin were merged into Nspyre.