ECI Software Solutions, a leader in cloud-based business management solutions, announced Aug. 13 it has signed a definitive agreement to acquire Netherlands-based Trivest Beheer B.V., a provider of smart vertical software solutions to the SME manufacturing sector.
With this acquisition, Trivest’s nearly 3,000 customers and more than 300 employees will join ECI’s manufacturing division, Fort Worth based ECI said in a news release.
The company said Trivest provides industry-specific software solutions for small to mid-sized companies in the manufacturing sector, including ERP (enterprise resource planning) software, APM (advanced production management system) software, MES (manufacturing execution system) software, CAD/CAM design software, business intelligence solutions and mobile applications.
ECI said the Trivest suite of software and SaaS solutions is in use in 27 countries and the acquisition will significantly expand ECI’s presence in the Benelux region and across Europe.
“The most important thing to us at Trivest is equipping our customers with the tools they need to make their businesses successful, and we’re excited to be joining a company who shares that philosophy,” Gino Keijzer, CEO of Trivest, said in the announcement. “By becoming part of the ECI family, we will have an even greater ability to innovate on our products in order to best serve our customers across all geographies.”
Ron Books, CEO of ECI, said in the announcement that Trivest is the company’s largest acquisition to date.
“Adding Trivest will truly give ECI an established presence in the Netherlands and Europe, and allow us to offer a new, robust platform solution to our SMB manufacturers,” Books said.
Trivest is a portfolio company of family office Nedvest. Arma Partners served as a financial advisor to Trivest and JanssenBroekhuysen Advocaten served as legal advisor. William Blair served as financial advisor to ECI Software Solutions and Houthoff served as legal advisor.
The transaction is expected to close in the third quarter of 2019, subject to customary closing conditions including regulatory approval by the Netherlands Authority for Consumers & Markets (Autoriteit Consument & Markt), ECI said.
– FWBP Staff