Vectis invests in IT-services provider ConXioN

ConXioN is determined to grow further and support customers even better in their digital transformation, IT security and daily IT needs. That is why we are excited to join ConXion as active investor.

ConXioN ( guides and inspires its customers in their digital transformation in numerous domains such as infrastructure, applications, security, cloud, mobility, printing, IoT and Artificial Intelligence. This is partly thanks to the essential network of renowned partners such as Microsoft, HP, SentinelOne and Cisco, with whom ConXioN plays a leading role in IT innovation and research. In the ConXioN Experience Center (Waregem), business leaders can experience this ‘new style of IT’ and are immersed in the future of interactive technology.

The client base consists of SMEs, medium-sized and large companies, and government organizations. The company is mainly active in West and East Flanders but serves customers all over Belgium. ConXioN realizes a turnover of over EUR 20 million with about 100 employees.

Continuing the growth story

ConXioN has established a strong organic growth track in recent years under the leadership of CEO and founder Chris Debyser and wishes to continue this with the support of Vectis. Complementary acquisitions will certainly be considered. Chris Debyser (CEO) states: “With Vectis, we have found a partner that understands our DNA. Vectis will support us with add-on acquisitions and in our further professionalization. They also have a very dense network in Flanders that will benefit ConXioN.”

“We notice a strong demand for professional services with respect to digitalization and an increased concern around cybersecurity. Over the coming years, ConXioN will be able to play an important role in this. We look forward to working closely with ConXioN’s management team to achieve our shared ambitions. For Vectis, the investment in ConXioN is the final investment of the third fund”, says Lieven Coen, Partner at Vectis Private Equity.

About Vectis Private Equity

Vectis Private Equity is an independent private equity fund that focuses on investments in Belgian SMEs and manages ca. 125 million EURO in assets. The team has years of experience in accompanying SMEs in their growth and is very familiar with the challenges these companies face. Since its creation, more than 15 years ago, Vectis has invested in more than 30 Belgian companies and has also realised about 20 additional add-on acquisitions. This makes Vectis one of the most active private equity investors in this segment of the Belgian market.