Ordina divested Ordina Technical Automation to Gilde and management

Ordina sold all of its shares in its subsidiary Ordina Technical Automation (Ordina TA) for an amount of EUR 30 million, on a cash and debt free base, to Gilde Equity Management Benelux.

Ordina TA will continue its services under the new name TASK24, with its current specialists and customer base, and now is the largest non-listed company in the Dutch technical automation market. With approximately 375 employees Ordina TA realised revenue of approximately EUR 36 million in 2007.

Gilde Equity Management Benelux – one of the funds of Gilde Investment Management – is one of the leading parties in the Benelux market for large and mid-sized buy-outs. Gilde Investment Management was founded in 1982 and manages various funds totalling approximately EUR 2.0 billion.

With over 5,700 employees, Ordina aims to improve the business processes of Dutch and Belgian enterprises. Ordina provides advisory services, develops supporting applications or takes on a wide range of processes, including IT. Ordina N.V. was incorporated in 1973. Ordina N.V. shares are quoted on Amsterdam’s Euronext Stock Exchange, where they are included in the Midkap Index.

PhiDelphi acted in this transaction as advisor to Ordina.

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