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Luminis fulfills growth ambitions with investor M80

Brussels - Sept. 2, 2022 - Luminis announced today that private equity fund M80 has acquired a majority stake in the company. The Belgian M80 offers software and technology company Luminis the opportunity to further expand its strategy and market position. Luminis will become part of a network organization that also includes XPLUS, a Belgian expert in enterprise IT architecture. M80 plans to make selective acquisitions in Europe in the coming months with the aim of building a portfolio of best-in-class specialists in the field of digital transformation.

Hans Bossenbroek, CEO Luminis on accelerating strategy: "Due to the tight labor market, organic growth of Luminis proved challenging. With the help of the private equity fund M80, it is possible to realize our growth ambitions."

M80, after acquiring XPLUS, has taken another step in its development as a full-service provider in the field of digital transformation in Europe with its investment in Luminis. By becoming part of this group of companies, Luminis can accelerate the broadening of its portfolio of services and products in the field of digital transformation.

Hans Bossenbroek will lead this new group of companies and will take responsibility for the further development of services in the field of digital transformations. "The rapid developments in the market and technology require a multidisciplinary approach based on customer value and innovation. We strive to be the full-service provider for our customers in the area of Cloud and data." With this move, Hans hands over the baton to Jeroen Bouvrie, who will assume the role of Managing Director Luminis.

Jeroen Bouvrie, Managing Director Luminis: "I am convinced that together with XPLUS and other companies joining our platform we can support customers even better in their digital transformation. Bringing parties together fits exactly into Luminis' line of thinking and strategy; we don't look for synergy after the fact but have the goal of adding value for our customers as quickly as possible."

Carl Annicq, M80 Partners: "M80 wants to bring together companies with superior capabilities to save customers the frustration of working with mediocre IT vendors - so we are extremely pleased to have convinced a quality player like Luminis, in addition to XPLUS, to join this initiative. We look forward to further steps to strengthen our group internationally."

About Luminis

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Founded in 2002, Luminis provides customers with high-quality Cloud and Data solutions. Luminis has partnerships with Amazon Web Services (AWS) and Microsoft, among others.

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In addition, Luminis is the initiator and powerhouse of IT training program Accelerate with Thales, Bosch and the Inland Revenue, among others.

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Luminis has 150 employees, has offices in Amersfoort, Amsterdam, Rotterdam, Arnhem and Apeldoorn and provides its services to, for example, Thales, Alliander, Huuskes, BDR Thermea, bol.com and The Learning Network.

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For more information visit our website

About M80

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M80 Partners is the management company of M80 Capital, a private equity fund founded in November 2018 that invests in companies in Belgium, France, the Netherlands and Luxembourg.

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The investment team, founded by Peter Maenhout, consists of seasoned private equity professionals, as well as entrepreneurs, former CEOs and digital pioneers.

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The company focuses on growth companies in healthcare, consumer, business services and manufacturing. The M80 team invests in companies it can help digitally transform to accelerate revenue and improve operations.

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For more information visit our website

About XPLUS

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XPLUS was founded in 2010 by Wim Vochten and provides consulting services focused on digital transformation through the implementation of business-necessary enterprise IT architecture and digital solutions in the BeNeFraLux.

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Of the more than 100 highly experienced consultants, 75% have previously worked as a principal consultant or partner at a top 5 consulting firm.

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XPLUS serves large clients in a variety of industries, primarily in banking, insurance, telecommunications and retail.

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For more information visit our website

Luminis

Luminis

Luminis is a group of companies, headquartered in the Netherlands, that specializes in providing innovative solutions to business and government, primarily using emerging (information) technology.

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