KPMG divests Dutch Crimsonwing enterprise to Conclusion

KPMG completes sale of Dutch crimsonwing business

Six years after purchasing Crimsonwing, KPMG has sold most of its Dutch KPMG Crimsonwing business to Conclusio, a large IT services group in the country.

In 2014, KPMG acquired Crimsonwing for 26 million euros, thereby significantly strengthening its Microsoft Dynamics expertise. Around 350 employees in the Netherlands, Great Britain and Malta switched to the Big Four.

Seven years later, the Dutch wing of KPMG has split its KPMG Crimsonwing practice into a consulting arm, which will remain with the company, and a systems integration arm, which has been spun off and sold until completion. The deal stipulates that around 60 employees will move to graduation, where they will work under the Microsoft Business Solutions graduation banner.

According to a joint press release from both parties, Completion will provide “continuity and a great home for the transferring entity to improve its systems integration capabilities.”

Jan-Douwe Jilderda, Director of Conclusio Microsoft Business Solutions, said: “The Conclusio ecosystem is a wonderful home for our employees and offers us many new development opportunities. In addition, this acquisition supports our strategy, which aims to become more relevant for our customers and to be able to offer a wider range of Microsoft services. “

Graduating CEO Engbert Verkoren added, “We’re excited to add a great company like Graduating Microsoft Business Solutions to our ecosystem. The Microsoft Dynamics competency was the missing piece of the puzzle in our Microsoft portfolio. Conclusion Microsoft Business Solutions fits perfectly with our current Microsoft-based services, including IT infrastructure, application management and data analysis. “

As part of the integration, the sixty changing colleagues from Conclusio Microsoft Business Solutions will move from the KPMG offices to Conclusio’s headquarters in Utrecht.

The dealmakers

The takeover was led by KPMG’s in-house deal team consisting of Mark Zuidema, Tijn Bastiaans, Tom Heeffer, Caroline Teer, Mücahid Çolak, Ewald van Hamersveld, Wouter Moet, Gino Aalbrecht and Onno Blankestijn. The Conclusio deal team was led by Bas van Berkum and Milou Saraber. The legal expertise was obtained externally from DLA Piper and Vriman M&A Lawyers.

The KPMG Crimsonwing businesses outside the Netherlands (which gave up the Crimsonwing brand in 2019 and now operate as KPMG Microsoft Business Solutions) are not part of the transaction. The deal is already the third acquisition to be completed in 2021. The group also sold a business in the summer.