SRC System Integrators has been sold to AGENA3000
Amsterdam – CFI is pleased to announce it acted as the corporate finance advisor to Matcorp Investments, shareholder of SRC System Integrators (“SRC”), in the sale of SRC to AGENA3000.
About SRC
Established in 1987 and headquartered in Hoorn, the Netherlands, SRC is a preeminent Dutch software provider of Product Information Management (PIM) and Electronic Data Interchange (EDI) SaaS solutions and related consultancy/implementation services to a broad range of both international blue-chip clients and local mid-market customers. The company is market leader in the food-retail sector in the Netherlands with an active client base in Belgium, Germany and Hungary. Furthermore, SRC has adopted use-cases in the DIY and healthcare domain.
About AGENA3000
AGENA3000 is developer of data management software catering to manufacturers, brands and retailers. With its head office located in Cholet, France, the company offers data management optimisation to the mass consumption, transport and logistics, health, fashion, construction materials and distribution sectors, thereby providing PIM, EDI, enterprise resource planning (ERP), trade promotion management (TPM) as well as data pool and content management products for manufacturers and omnichannel distribution. AGENA 3000 is part of Centaurus Développement, a holding with technology operations in Europe and Northern America.
About the transaction
With a dominant market presence in the Benelux region within the Fast Moving Consumer Goods (FMCG) segment, SRC sought accelerated growth in adjacent sectors and geographies. Recognising the need for an international strategic partner with established capabilities to scale, the management of SRC identified AGENA3000 as the ideal partner and shareholder for the future. AGENA3000’s extensive international network and presence in complementary sectors will allow SRC to operate at scale, and to stay ahead of the ongoing consolidation within the PIM and EDI software markets.
CFI’s role in the process
SRC was majority owned by Matcorp Investments, a single family investment office, who has since its entry helped the company grow and modernise its tech stack. CFI has been a trusted adviser to Matcorp Investments for many years, and advised it and SRC in navigating this highly relevant, strategic exit to an international trade buyer. The transaction was closed on 24 April 2024.
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