PraxisIFM completes acquisition of Dutch company

Tuesday 13 March 2018

PraxisIFM has completed the acquisition of KOMPAS International, a boutique international expansion and corporate services company, based in the Netherlands, which will now be known as PraxisIFM Netherlands.

PraxisIFM said the new acquisition, with a capital-raising of £10m, will help fund further growth.

Dr Simon Thornton, the Group Chief Executive Officer, said: "The attraction of listing included extending our international reach and profile, enhancing our ability to attract and retain staff and give us access to capital markets,’ he said. ‘Less than a year on from our initial listing we are seeing those potential benefits come to fruition and we are ready to make further acquisitions as and when appropriate for the Group, shareholders and our clients."

The KOMPAS team, consisting of ten staff, will continue its services under the name PraxisIFM Netherlands. Dr Thornton welcomed them to the Group saying: "At the heart of our business is serving our clients' needs, and their outlook is increasingly internationally focused. The KOMPAS team has a wealth of knowledge about supporting companies on this global level, which is invaluable to us and to our clients."

Guido Wagenaar, Commercial Director of KOMPAS, commented: "We have a vision for our services that we can realise that much faster now that we are part of such a strong organisation. We in turn add value with our global network and experience. We are all very excited about the possibilities we can explore in the next few years."