On April 30th, Nordian Capital acquired a majority stake in Ab Ovo International. Ab Ovo offers IT solutions for “advanced planning and scheduling” in the European rail, maritime and freight forwarding market as well as ERP solutions for cargo transport on European rail.
Ab Ovo was founded in 1997 en has since then developed into a leading player in its markets. Especially in the past years Abo Ovo has grown rapidly. It currently employs more than 100 FTE, operating from its headquarters in Capelle a/d Ijssel and locations in Amsterdam, Düsseldorf and Stockholm.
Willem-Jan Groenewoud, chairman of the Ab Ovo Group, is pleased with Nordian as its new partner: “With Nordian’s investment power we can strengthen our leading position in the international Rail Sector and realize our ambitions for our new propositions within maritime and freight forwarding markets.”
Perry Bos, partner with Nordian Capital: “We are delighted to be co-shareholder in Ab Ovo. The company fits well with our investment criteria, focus on growth, internationally active and Business-to-Business. During the acquisition process we have continuously been reconfirmed in the attractiveness of the advanced planning software market and of Ab Ovo in particular.”
Nordian was supported during the acquisition process by Corp, Accuracy, SDP and JSA. The company itself was advised by MBCF and AKD.