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SDM-VALORUM advises IGUANA in sale to Youston

IGUANA has developed its own Document Management Software and offers scanning services to digitize large archives. It also manufactures and distributes advanced V-shaped book scanners under the Qidenus brand. The company is headquartered in Zaventem, Belgium and has offices in The Netherlands, Cyprus, Prague and Vienna.  Its clients include both private and public companies such as large hospital groups, libraries and museums.

After a number of years of strong growth and international expansion, shareholders Stéphane Horta and Herwig Eelen approached SDM-Valorum to identify a strategic partner to support and accelerate the company’s growth and international expansion.

After an international search, SDM-Valorum identified Youston (Limburg, Belgium) led by Peter Vansynghel and BeNeLux market leader for ‘digital scanning solutions’. Youston is specialized in storing large archives and digitizing them if desired. It recently opened a new facility where up to 5 million archive boxes can be stored.

Stéphane Horta: “Youston is a very complementary partner that will further shape our internationalization”. This transaction offers a promising future for the 75 IGUANA employees. Stéphane Horta and Herwig Eelen will remain on board in the new group.