Private equity firm Gimv has acquired a majority stake in Belgian staffing agency Impact and its sister company Nova Engineering, a project sourcing business.
Impact was founded in 1999 and focuses primarily on providing staff for technical and construction jobs as well as bottleneck functions in the administrative segment. Clients are typically industrial firms.
The company currently operates from 17 locations, mainly in business parks, and has 100 employees. In 2017 it had a turnover of €67 million (£59.1 million) and it aims to almost double this over the next five years.
Eric Dantinne, CEO of Impact, said: “Our past course, specialising in technology, construction and office jobs, has clearly proved itself very successful. The human dimension of our company, the commitment of our teams in combination with our quality approach and focus enables us to find the right candidates, either in Belgium or abroad. The partnership with Gimv will provide us with the autonomy and means to realize our ambition to be recognized as the leading technical player, both in Belgium and abroad.”
Dirk Dewals, Head of Gimv’s Connected Consumer team, added: “In our portfolio we are consistently confronted with the need for specialist staff at innovative, export-oriented growth companies. Impact fills this gap by focusing specifically on this segment, with personal proximity and relevant sector expertise, thereby accommodating the growth of its mid-market clients.”