IK Investment Partners Acquires Majority Stake in GeoDynamics
November 12, 2020
IK Investment Partners' IK Small Cap II Fund has agreed to acquire a majority stake in GeoDynamics from Sofindev and the company's management team. GeoDynamics, a Kortrijk-based SaaS provider of location-based fleet and mobile workforce management software, will continue to be led by founders Peter Vermeesch and Stijn Stragier who will reinvest alongside IK as the company pursues expansion beyond Belgium.
- Buyers
- IK Investment Partners
- Targets
- GeoDynamics
- Sellers
- Sofindev, Peter Vermeesch, Stijn Stragier
- Industry
- Cloud & SaaS
- Location
- West Flanders, Belgium
- Transaction Type
- Buyout
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