6 January 2021
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BarentsKrans advises the sell side on the sale of Yellowstar

BarentsKrans has advised the sell side on the sale and transfer of the shares in Yellow Star Solution Holding B.V. to ICT Group N.V.

Yellowstar, founded in 2009 and located in Barendrecht, makes supply chains fully predictable and transparent. Yellowstar also realises customized software solutions for transport management systems, dynamic planning boards, terminal operating systems, customer and carrier portals.

ICT Group N.V. is a leading European supplier of industrial technology solutions. ICT Group N.V. is listed on Euronext Amsterdam and has offices in the Netherlands, Belgium, Bulgaria, France, Germany and Sweden.

Stijn Scheepers, CEO of Yellowstar:

“We look forward to being a part of the ICT Group. For us, it lays the foundation for further growth in the markets in which we are active with our IP software for supply chain solutions. I am convinced that we constitute a true addition to the existing portfolio of the ICT Group and that we will mutually reinforce each other. Customers will mainly benefit from our greater operational strength and business power.”

Jos Blejie, CEO ICT Group:

“I am delighted to welcome the people of Yellowstar as our new colleagues. The company services a high quality reputable customer base and has an international focus. This acquisition is important to ICT as it strengthens our position in the logistics and industry markets and expands our own IP solutions portfolio.”

Michiel Martin and Thomas van Hövell tot Westervlier were involved in this transaction.

For more information, please be referred to this link.