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Altaroc Odyssey 2021 invests in Odin Groep via the Apax MidMarket X fund

Published on
9/2/2022
Amended on
28/3/2024
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Apax Midmarket X invests in Odin Groep to become the leading Dutch provider of managed IT services. Founded in 1990, the company has more than 4,000 customers and achieved revenues of almost €140 million in 2021. The aim is to ensure sustained growth through acquisitions and geographic expansion.
By
Damien Hélène
Damien Hélène
This article has been automatically translated. Please excuse any inaccuracies or translation errors.

The aim ofApax is to create the leading Dutch provider of IT managed services for SMEs, healthcare, education and housing, through a strategy based on both organic growth and external acquisitions.

Founded in 1990 by Hans Lesscher, the company serves over 4,000 customers. Over the past few years, Odin Groep has generated double-digit growth, with revenues of almost 140 million euros by 2021.

The investment made by the Apax Midmarket X fund will enable :

  • finance the company's geographic expansion, particularly in the south and west of the Netherlands,
  • increase its presence in existing markets and develop new products to offer its customers a tailor-made value proposition,
  • and, finally, to expand its range of services and expertise.

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