12 Jul 2023
Paris, July 12, 2023 – Montefiore Investment, a firm specialized in backing service-oriented small and mid-sized businesses (SMEs), has announced its intention to acquire oXya, a France-based subsidiary of Hitachi Vantara since 2015. oXya is a recognized leader in SAP technical solutions, cloud hosting, and IT management. Together with oXyas leadership, Montefiore plans to support an aggressive growth strategy across France and international markets.
The partnership between Montefiore and oXyas management aims to drive this ambitious growth plan, which will involve tapping into new market opportunities and continuing geographical expansion.
Montefiore, in collaboration with oXyas leadership team, including CEO Geert Vandendorpe and President Frédéric de Belloy, will build on oXyas success. Key strengths include expertise in managing critical applications, a deep understanding of customer needs, high-quality solutions at competitive prices, and an impressive 99% customer satisfaction rate. With 25 years of experience supporting businesses of all sizes, oXya is well-positioned for this next phase.
The transaction, pending regulatory approvals and standard closing conditions, is expected to finalize by the end of summer 2023.
“We are excited about this strategic partnership with Montefiore and our plans for sustainable growth that we have begun to sketch out together, said Geert Vandendorpe, CEO of oXya. As we move forward, we will leverage the expertise and operational rigor we gained during our time with Hitachi to address new market challenges with Montefiore.
Montefiores Managing Director, Daniel Elalouf, remarked: “oXya is a formidable platform for growth, which has unique expertise in the management of critical applications, acclaimed by its customers. We are very happy to partner with a highly talented management team to support oXya in its ambitious development plan. We would like to thank Hitachi Vantara for placing their trust in us to carry out this complex operation, which is fully in line with our investment strategy.”
About oXya
oXya specializes in the design, migration, and management of IT infrastructure and support operations for hundreds of international companies of all sizes. With expertise in SAP, oXya supports its clients as they move to cloud environments (public, private, or hybrid) or engage in development projects. oXya employs over 800 people across Europe, America, and Asia. For more details, visit www.oxya.com
About Montefiore Investment
Founded in 2005, Montefiore Investment is a leading private equity firm focused on service-sector SMEs and mid-market businesses. With a team of 50 professionals, Montefiore helps companies grow and succeed by leveraging its deep industry knowledge and experience. Managing 4 billion in assets, Montefiore invests between 20 million and 200 million to drive sustainable growth. It also holds a stake in Starquest, a firm focused on green technology investments.www.montefiore.eu
Montefiore Investment contact: Media Contacts:
Alicia Tang-Lips Marion Félix & Catherine Isnard
Communication Manager CICOMMUNICATION
+33 (0)7 64 73 82 77 +33 (0) 1 47 23 90 48
atl@montefiore.eu montefioreinvestment@cicommunication.com
