Skip to main content

Aricoma acquires Luxembourg-based developers Neofacto, continuing its westward expansion

Written by Customer Service on . Posted in Mergers And Acquisitions.

PRAGUE and LUXEMBOURG, Sept. 06, 2024 (GLOBE NEWSWIRE) — Aricoma, a Czech leader in enterprise IT and part of the KKCG investment group, has acquired Luxembourg-based Neofacto. The company develops software for the European Investment Bank (EIB) and financial institutions in Luxembourg.

Neofacto was founded in Luxembourg in 2000. It employs around eighty people. It provides a range of software services for financial institutions in Europe, in particular the European Investment Bank. These include API programming & integration between applications, web design (front- and backend, dB management), mobile app development and testing, DevOps (technical tools and training), business analytics, testing, and blockchain and AI services.

“The acquisition of Neofacto is a logical step for us. It strengthens our work for the European Union institutions, including the supranational EU bodies based in Luxembourg. And of course, we are delighted to welcome dozens of experienced industry professionals among us. Together we can significantly strengthen our offering to the EU institutions, authorities, and other customers in the Benelux and DACH region,” said Aricoma CEO Milan Sameš.

“As we have declared recently, Aricoma has the ambition to expand into the Benelux and German-speaking markets. The acquisition of Neofacto is one of the first steps on our path to becoming a major provider of end-to-end IT services in Western Europe,” added Michal Tománek, Investment Director and Deputy Chief Investment Officer at KKCG.

“We have entered a new phase in our more than 20-year history. Not only are we becoming part of a strong European IT company, but our business fits well with the work and strategy of Aricoma’s international team based in Brussels and Luxembourg,” added Ludovic Compere, CEO of Neofacto, who will continue in his role at the company.

Besides EIB, Neofacto’s customers include Luxembourg banks ING and Spuerkeess, Luxembourg insurance company Foyer and the Luxembourg Stock Exchange. In 2023, the company achieved revenues of EUR 10.3 million.

Aricoma’s International team is based in Brussels and provides services to the European Commission, FRONTEX and Europol, among others.

About Aricoma
Aricoma offers services in IT infrastructure, cloud, enterprise applications, cyber security, public sector digitalization, and systems integration, with a portfolio also including major projects for the European Union institutions in Brussels and Luxembourg. Sabris Consulting, Consulting 4U, KCT Data and software developers SYSCOM Software of the Czech Republic and Neofacto of Luxembourg also belong under Aricoma. Aricoma is part of the technology pillar of the KKCG investment group, employs more than 1,600 professionals and has revenues of EUR 400 million. For more information, please visit www.aricoma.com.    

Contact:
Michal Malysa
Head of Brand and Communications
Aricoma
michal.malysa@aricoma.com
+420 775 70 80 86

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.