Altares Dun & Bradstreet, a leader in business data in France and the Benelux region, has announced the acquisition of Companyweb, a prominent player in financial and non-financial information in Belgium. This move is part of a strategy to expand its services, particularly to small and medium-sized enterprises (SMEs) in Belgium, while solidifying its leadership position in the region.
Doubling local growth
Since 2018, Companyweb has been supported by Sofindev, a private equity fund that has enabled significant growth, doubling its client portfolio and cementing its reputation as a reliable provider of analytics for thousands of SMEs. Under the leadership of Ilse Getteman and Pieter Van de Wiele, Companyweb has also developed advanced tools leveraging cutting-edge technologies to help businesses better manage risks and make informed decisions.
Strategic synergies
Integrating Companyweb into Altares creates strategic synergies. Companyweb will continue to operate independently while benefiting from Altares’ expertise in data science, artificial intelligence, and machine learning. These capabilities will allow Companyweb to enhance its offerings, particularly by enriching its financial analytics and meeting the growing needs of SMEs in risk management.
“We are extremely proud of what we have achieved in recent years. This acquisition gives us the ideal partner to realize our growth ambitions,” said Ilse Getteman, Managing Director at Companyweb. “With Altares’ expertise, we will continue developing Companyweb and better supporting our clients.”
A strategy backed by Naxicap Partners
Altares Dun & Bradstreet is supported by its private equity partner, Naxicap Partners, to complete this transaction. Together, they aim to strengthen their leadership in the business data market in the Benelux. This acquisition also marks a key milestone in expanding their SME-focused offerings, an essential segment for local economic development.
The transaction is expected to close by March 2025, subject to customary closing conditions. The financial terms of the deal remain confidential.
