SDM-Valorum corporate finance assists the owners of Gloriant to sell the business to the dutch Autobinck group
Gloriant is a software & services business with focus on FLEET & MOBILITY MANAGEMENT managing more than 100.000 units (cars/drivers) for its customers . The company, headquartered in Antwerp and with a branch office in Rotterdam with a team of 30 employees, is market leader in the benelux market .
In order to accelerate the international expansion of Gloriant, the shareholders Gert Vandersmissen (CEO) and Arnoud Oortwijk (CIO) wanted to sell the company to an added-value acquirer. The best fit was found with the DUTCH AUTOBINCK GROUP, active in a wide range of products and services in the automotive & mobility market. Autobinck is active in 8 European countries.
Gert Vandersmissen says : « By connecting Gloriant and Autobinck the company becomes part of a top-20 player on the European mobility market , which will garantee the further international roll-out, and which brings the team within the core business of a top international player.» Arnoud oortwijk ads to that : «there are enormous commercial and operational synergies to be realized between the 2 companies in both directions.»
SDM-Valorum Corporate Finance approched potential buyers on 3 different continents. Together with the owners of Gloriant Autobinck was selected as the best fit for the future. Both Gert and Arnout will continue to lead Gloriant within the new setting.