BDO assisted NRB acquiring UCON to strengthen its SAP portfolio

NRB Group, a leader company in the ICT sector in Belgium with more than 2,000 workers and consolidated revenues of around €322 million in 2017 has acquired in June 2018 UCON BVBA, a Belgian SAP services company. This targeted acquisition is in line with NRB’s strategy to strengthen the SAP strike force of the NRB Group as it completes its SAP portfolio, predominantly in the field of SAP IS-U (Industry Solution for Utilities) and FI-CA (Financial Contract Accounts Receivable and Payable), its capacities with scarce SAP specialists, and its customer base with additional key customers in the sector of public utilities. During the acquisition process, BDO Corporate Finance acted as an exclusive financial advisor to NRB.