Done Deals: Syntegro / Visma
Omnicap advises the shareholders of Syntegro on the sale to Visma
Visma, specialist in business software, has acquired the Belgian HR-tech company Syntegro. Syntegro has been a reference in the field of workforce management software for sixteen years. It offers a complete solution for time registration and personnel planning. With this acquisition, Visma increases its position in the Belgian market for workforce management technology, while Syntegro underlines its growth ambitions in the Dutch and European market.
Syntegro has been a leading developer of SaaS time recording and personnel planning software since 2007. Syntegro solutions are flexible and fully customizable.
Visma is a leading provider of mission-critical cloud software, with sales of € 2.06 billion in 2022, 15,000 employees and 1.6 million customers across Europe and Latin America. By simplifying and automating the work of companies and organizations, we enable a more efficient and prosperous society.
Visma's software offer on the Dutch and Belgian market includes solutions for financial management, HRM, purchasing and e-government. Visma Benelux consists of 50 companies that all focus on mission-critical cloud software. Visma is a proud title sponsor of Team Jumbo-Visma, one of ‘ the world's best cycling and skating teams.
Frank De Weser, Managing Director of Syntegro: “ In the Belgian market, Syntegro has become the absolute reference in the field of workforce management solutions. We have also been emerging for some time in the Netherlands. Thanks to Visma, we will now be able to accelerate our international growth even more. ”
Mikael Westöö, Chairman of the Board at Visma: “ In a rapidly changing economy with dire staff shortages, companies must be able to use the full potential of their staff. As a result, we see an increasing demand for workforce management solutions that facilitate the optimal use of personnel within the new way of working. With the acquisition of Syntegro, Visma increases its HR workforce management portfolio and takes an important step in strengthening its position in this market. ”