M&A advisory services in the Netherlands

The Netherlands produces a disproportionate share of European tech M&A transactions relative to its size, with Amsterdam-based companies consistently attracting both strategic and PE acquirers from across the continent and the US.

Exits from Adyen, Booking Holdings subsidiaries, Mollie and the broader Dutch SaaS and fintech cluster have established the Netherlands as one of Europe's most liquid tech M&A markets.

We advise both bootstrapped and venture-backed Dutch companies through lean, end-to-end sale processes - leveraging our strong PE and strategic acquirer network, managing KPI-driven preparation and positioning each business to achieve the best outcome for its founders and shareholders.

118

Netherlands tech M&A deals in the last 12 months

$205M

Netherlands median tech M&A valuation

3.6x

Netherlands median tech M&A revenue multiple

$950M

Netherlands biggest tech acquisition in the last 12 months

Selling your tech company in the Netherlands

Dutch M&A follows European mid-market conventions with country-specific overlays around the participation exemption (deelnemingsvrijstelling), the Vifo Act foreign investment review and the notarial closing requirement.

Locked-box and completion accounts

Dutch private M&A uses both locked-box and completion accounts; locked-box is increasingly common in tech and PE-led processes. The choice has material cash-flow consequences for the founder and matters for closing-day mechanics.

W&I insurance is standard

Warranty & indemnity insurance is standard in Dutch deals above roughly €10M. Premiums (around 1-1.5% of cover) typically paid by the seller, the buyer or split. Replaces traditional escrow as the main protection mechanism.

Vifo Act foreign investment review

Mandatory pre-completion notification for investors taking material stakes in Dutch companies in sensitive technology sectors - defence, dual-use, quantum, semiconductors, AI. In force from 2023. Adds 8 weeks to 6 months to closing in scoped sectors.

Capital gains for founders

Dutch tax residents holding 5%+ of company shares (aanmerkelijk belang) are taxed on disposal gains at progressive rates: 24.5% up to ~€67k and 31% above (rates subject to change). Specific structures (Dutch holding BV, Box 3 wealth tax interplay) can shape the bill - worth planning 12+ months ahead of a sale.

Participation exemption (deelnemingsvrijstelling)

Sales of shares by a Dutch corporate seller are fully exempt from Dutch corporate income tax under the deelnemingsvrijstelling - requires 5%+ holding and the subsidiary being a qualifying entity. Cleaner than UK SSE in many respects and a major reason holding-company structures are popular in the Netherlands.

Notarised closings and merger control

All Dutch BV share transfers require a notarial deed on closing - the closing day is a notary-driven event with associated fees. Merger control: the ACM (Authority for Consumers and Markets) reviews transactions where parties' combined Dutch turnover exceeds €150M and at least two parties each have €30M+ Dutch turnover. Most tech deals don't trigger.

Recently acquired tech companies in the Netherlands

Biggest M&A recently in the Netherlands was a $950M acquisition of NXP Semiconductors (MEMS Sensors unit) by STMicroelectronics in July 2025.

See all M&A deals in the Netherlands
LogoHQDescriptionBuyer
Jul-25
N
NXP Semiconductors (MEMS Sensors unit)
-
STMicroelectronics
$950M
3.2x
Jul-25
Recharge
Recharge is an Amsterdam-headquartered prepaid payments platform connecting brands to customers via digital storefronts like Recharge.com and Startselect.com across multiple countries. Founded in 2010, the company facilitates anytime access to stored value products.
Coda
$355M
4.2x
Oct-25
xxllnc
xxllnc is a Dutch consultancy firm providing customer support through advisory services and staff secondment. It assists clients in IT, operations, and business process management with specialized expertise.
Main Capital Partners
$324M
-
Jun-25
NMi
NMi is a Netherlands-headquartered metrology firm providing legal verification, calibration, and certification for measuring instruments in weighing, utilities, mobility, and oil & gas sectors. With labs in Nijmegen and international accreditations, it tests gas meters, taximeters, and flow computers for compliance with MID and NTEP standards.
Bridgepoint Group
$324M
-
Apr-26
VISUfarma
VISUfarma is a Milan-headquartered ophthalmic pharmaceutical firm that specializes in eye care products and devices. The company distributes prescription drugs for glaucoma, dry eye, and retinal disorders, alongside surgical instruments for cataract procedures. Operating in Italy and Spain, VISUfarma serves ophthalmologists and hospitals with brands like Vismed and Retinalgan. Established in 2016 through a management buyout, it maintains a portfolio exceeding 40 SKUs focused on unmet needs in anterior and posterior segment therapies.
Lupin
$220M
3.7x
Jun-25
AutoDisk
AutoDisk is a Utrecht-based software developer focused on mobility applications and business tools for transportation sectors.
Main Capital Partners
$216M
-
Sep-25
VISUfarma
VISUfarma is a Milan-headquartered ophthalmic pharmaceutical firm that specializes in eye care products and devices. The company distributes prescription drugs for glaucoma, dry eye, and retinal disorders, alongside surgical instruments for cataract procedures. Operating in Italy and Spain, VISUfarma serves ophthalmologists and hospitals with brands like Vismed and Retinalgan. Established in 2016 through a management buyout, it maintains a portfolio exceeding 40 SKUs focused on unmet needs in anterior and posterior segment therapies.
Nanomi
$205M
3.5x
Aug-25
HCM Medical
HCM Medical is a biotechnology manufacturer developing biological reagents and biomaterials for medical applications. Ho Chi Minh City-based, it produces tissue engineering scaffolds, wound dressings, and orthopedic implants using collagen and hyaluronic acid formulations. The company supplies hospitals and research institutes in Southeast Asia with sterile kits for regenerative medicine and dental procedures.
LifeNet Health
$120M
-
Mar-26
24i
24i is an Amsterdam-headquartered developer of video streaming apps for broadcasters and content owners worldwide. Its Playbook platform powers over-the-top applications on smart TVs, mobiles, and web browsers for clients including RTL, Fox Sports, Viacom, Sinclair Broadcasting Group, Globo, RTÉ, NPO, and Fuse Media. The company maintains offices in Los Angeles, Buenos Aires, Madrid, Copenhagen, New York, and Brno to support global deployments.
Sapphire Technology Group
$32M
9.2x
Jul-25
HedoN Electronic developments
Hedon Electronic Developments B.V. is a Netherlands-based manufacturer of precision electronics and inductive technologies. The company produces high-reliability components such as transformers, chokes, and sensors for industries including medical devices, automotive, aerospace, and renewable energy. Operating from its facility in Oldenzaal since 1987, Hedon serves clients with custom solutions for power electronics and electromagnetic applications.
Lifco
$28M
3.5x
Jul-25
Claire Automotive Support
Claire Automotive Support optimizes aftersales processes in the automotive industry, focusing on waste reduction, transparency, and workflow efficiency.
UnameIT
$27M
-
Jun-25
Bubty
Bubty is a cloud-based Freelance Management System headquartered in Tel Aviv that streamlines contractor onboarding, compliance, and payments for enterprises. The platform automates misclassification risk assessments under local labor laws, integrates with payroll systems like ADP and Workday, and facilitates cross-border payouts in 190 countries via partnerships with Payoneer and Wise. Adopted by tech firms and agencies in Europe and North America, Bubty supports scalable workforce expansion without dedicated HR overhead.
Upwork
$20M
-
Sep-25
LIVASSURED
LIVASSURED is a Dutch medtech firm developing Nightwatch, a wearable armband detecting tonic-clonic epileptic seizures during sleep. Based in Groningen, the device uses accelerometer and heart rate sensors to alert caregivers via text within 30 seconds. LIVASSURED distributes to epilepsy centers across Europe and holds FDA clearance.
Abilia Sverige Holding
$11M
-
May-26
Moove Connected Mobility
Moove Connected Mobility is a provider of connected mobility solutions that connect vehicle data to minimize fleet manager intervention. Telematics, data analytics, and IoT enable analysis of fleet usage by location, which identifies underutilized sub-fleets over six-month periods. The company extends services to connected cars and other mobility applications.
Netradyne
-
-
Apr-26
Shiftbase
Shiftbase is SaaS for employee scheduling and time tracking.
Fortino Capital
-
-

Who is buying tech companies in the Netherlands?

Main Capital Partners, Zvoove Group and Eneve are the most active acquirers in the Netherlands.

See all acquirers in the Netherlands
LogoHQDescriptionKey acquisitions
Main Capital Partners
Main Capital Partners is an Amsterdam-headquartered private equity firm exclusively investing in enterprise software companies across Benelux, DACH, and Nordics regions. It pursues buy-and-build strategies in SaaS, cloud, and vertical market software, partnering with management for operational scaling.
IQ MessengerxxllncAutoDisk+2
10
Zvoove Group
Zvoove Group is a German software provider for personnel management and event services. Based in Berlin, it offers cloud-based platforms for shift planning, applicant tracking, time tracking, and event staffing solutions. Zvoove serves hospitality, retail, and event industries across Europe with mobile apps for employee self-service and analytics for workforce optimization.
Plan4FlexNocoreOnlineResults+2
6
Eneve
Eneve is a platform provider for energy procurement and management in the Nordic markets. It automates tendering for electricity, gas, and certificates using data analytics for retailers and municipalities in Finland and Sweden.
EcedoEnergy21Gridhub+2
4
Liplyn IG
Liplyn IG is a Dutch media and data company operating Drimble, a news aggregation website covering business and regional updates. It provides Drimble Data for company information, Matrixian for real estate analytics, and Hanze Media Groep job boards focused on northern Netherlands employment. The firm delivers insights to businesses and professionals across information services.
Bouwvacatures.nlTechniekvacaturebank.nlVacant.nl+1
4
Visma
Visma is an Oslo-headquartered SaaS group delivering accounting, HR, and administration software across Northern Europe and beyond. Organized into Software SMB, Software Government & Large Accounts, and Business Process Outsourcing divisions, it powers operations for 1.7 million customers in 13 countries with products like Visma.net ERP and eAccounting. The company maintains a presence in Norway, Sweden, Finland, Denmark, and expanding markets.
WeFactYour Next Conceptsclevergig+2
3
Vitec Software
Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides software for the pharmacy market, automotive and machine industry, banks and insurance companies, healthcare companies, real estate agents, and the education sector. Its segments comprise Auto, Energy, Real Estate, Finance and insurance, Environment, Estate Agents, and Education and health.
AutonetIntergripOlyslager+1
3
Lifco
Lifco AB owns niche subsidiaries in a variety of industries, with a focus on three business areas: dental, demolition and tools, and systems solutions. The dental business supplies consumables, equipment, and technical service to dentists. The demolition and tools business manufactures and sells equipment for the construction and demolition industry, including demolition robots and crane attachments. The systems solutions business provides interiors for service vehicles, contract manufacturing, environmental technology, sawmill equipment and construction materials. The Group’s material revenue streams arising from the sale of goods comprise sales of dental products, tools and machinery, infrastructure products, environmental technology, special products and transportation products.
Citodent ImagingHedoN Electronic developmentsMetalltech+2
2
Aceve
-
Syntess SoftwareBrink SoftwareKPD Services
2
Software Combined
Software Combined is a UK-based investor acquiring and scaling niche software businesses. The firm purchases established SaaS and on-premise applications, providing operational support and growth capital. Headquartered in London, Software Combined targets verticals like healthcare, manufacturing, and education, integrating acquisitions into a unified portfolio with shared back-office functions.
WCC Group B.V.Unified StreamingHero Software
2
AutoScout24
AutoScout24 runs a pan-European online marketplace connecting buyers and sellers of new and used cars, motorcycles, and accessories.
AutotrackGaspedaal.nlTRADER Corporation
2

Public tech companies in the Netherlands

ASML is the Netherlands' largest publicly listed tech company, with a market cap of $596B.

See all public companies in the Netherlands
LogoDescriptionSectors
ASML
ASML is the leader in lithography systems for manufacturing semiconductors with 90% market share. Lithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. Lithography allows chipmakers to increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML’s largest clients are TSMC, Samsung, and Intel.
$1547
+108.0%
$596B
$590B
14x
Prosus
Prosus is a consumer internet group with listed and unlisted platforms across 100 countries. Around 80% of Prosus’ net asset value is derived from its Tencent holdings, the world’s largest game publisher and operator of WeChat, China’s super app with 1.3 billion users. Prosus has approximately a 23% stake in Tencent. The rest of the group’s businesses and investments are organized into classifieds, food delivery, payments and fintech, and edtech. This includes ownership of iFood, Brazil’s largest food delivery app, and a 25% stake in Swiggy, the second-largest delivery platform in India.In 2019, Prosus was spun out of South Africa-based parent company Naspers Ltd and listed on the Euronext exchange. Naspers holds approximately 75% of Prosus’ shares.
$47.48
-9.0%
$101B
$97B
10x
NXP Semiconductors
NXP Semiconductors is a leading supplier of high-performance mixed-signal products. The firm acquired Freescale Semiconductor in 2015 and now has significant market share in the automotive market, where it supplies microcontrollers and analog chips into automotive clusters, powertrains, infotainment systems, and radars. NXP Semiconductors also serves industrial and Internet of Things, mobile, and communications infrastructure.
$299.38
+56.6%
$76B
$84B
6.5x
Nebius Group
Nebius is a vertically integrated cloud provider focusing on AI and high-performance computing. It is a carve-out of the previous Russian tech firm Yandex, following the Russian sanctions since the Ukraine-Russia war. Nebius designs and operates its own data centers and servers across Europe and the US, with a total capacity of several hundred megawatts. In September 2025, Microsoft became a major Nebius client under a multiyear $17 billion revenue agreement to provide computing capacity.
$219.93
+498.4%
$56B
$56B
34x
ASM International
ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, or ALD, a precise deposition technique that is required in the most advanced semiconductors. ASM’s main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer’s innovation and product road maps. Once a machine is established in a fab, it can generate service revenue for decades.
$1009
+82.2%
$49B
$48B
12x
Universal Music
Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm’s revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal’s remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal’s recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal’s publishing group has nearly 4.5 million owned or administered titles in its catalog.
$23.49
-27.7%
$43B
$47B
3.1x
Adyen
Adyen is a payment company that provides merchants with a single platform to accept e-commerce, mobile, and point-of-sale payments in multiple countries using various payment schemes and methodologies. Adyen started out providing only gateway and payment processing services to merchants but soon expanded into merchant acquiring services as well. Adyen obtained a banking license to improve settlement of merchant accounts.
$10.70
-44.3%
$34B
$22B
7.3x
Philips
Koninklijke Philips is a diversified global healthcare company operating in three segments: diagnosis and treatment, connected care, and personal health. Nearly 50% of the company's revenue comes from the diagnosis and treatment segment, which features imaging systems, ultrasound equipment, and image-guided therapy solutions. The connected care segment (under 30% of revenue) encompasses monitoring and analytics systems for hospitals, informatics business, and also houses the sleep and respiratory care segment. Personal health business (remainder of revenue) is mainly oral health and personal care product lines, which include electric toothbrushes and men's grooming and personal-care products.
$26.65
+14.0%
$25B
$32B
1.5x
Besi
BE Semiconductor Industries supplies advanced packaging equipment for the semiconductor industry. Besi has a highly focused product portfolio coupled with a flexible business model, which allows it to maintain high gross and operating margins. Besi’s main clients include the world’s largest logic and memory foundries (TSMC, Samsung, Intel, and Micron) as well as integrated device manufacturers and outsourced assembly and test companies.
$308.07
+150.6%
$24B
$25B
29x
Wolters Kluwer
Wolters Kluwer is a global provider of professional information, software solutions, and services in health; tax and accounting; environmental, social, and governance; finance; compliance; and legal. More than 60% of revenue is generated in North America and around 30% is from Europe.
$73.91
-59.0%
$17B
$21B
2.9x
Topicus
Topicus com Inc is engaged in the development, installation, and customization of vertical market software and the provision of related professional services and support for customers across several diverse markets, mainly in Europe. Its revenue consists mainly of software license fees, maintenance and other recurring fees, professional service fees, and hardware sales. Geographically, the company generates maximum revenue from its business in the Netherlands, and the rest from other markets.
$71.33
-45.6%
$5.9B
$6.2B
3.2x
Elastic
Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.
$53.84
-33.4%
$5.6B
$4.9B
2.8x
Flow Traders
Flow Traders Ltd is a financial technology company operating in the financial markets, using its proprietary technology platform to provide liquidity by quoting bid and ask prices in financial products. It ensures the provision of liquidity to support the uninterrupted functioning of financial markets. The company's core trading focus is on exchange-traded products (ETPs), enabling investors to buy and sell ETPs by quoting bid and ask prices under virtually all market circumstances and also has expanded into fixed income, commodities, digital assets, and foreign exchange. The company's reportable segments are; Europe which generates key revenue, the Americas, and Asia.
$35.27
+4.3%
$1.5B
$4.9B
-
Fastned
Fastned BV is engaged in providing fast charging services for electric vehicles. The company's technology is available for all types of electric vehicles such as Tesla Model 3/S/X, Nissan Leaf, BMW i3, and Hyundai Ioniq. The company has operations in the Netherlands, Germany, the United Kingdom, France, Switzerland, and Belgium. The majority of its operations and charging stations are in the Netherlands. Key revenue is segmented from sales of electricity to EV Drivers and Sales of renewable energy units.
$74.27
+200.8%
$1.4B
$1.8B
9.8x
TomTom
TomTom NV is a software company specializing in developing and selling navigation and location-based products and services, including maps, traffic, navigation software, and portable navigation devices. The company operates in two reporting segments: Location Technology and Consumer. The Location Technology Segment is engaged in developing and selling location-based application components such as maps, services, and navigation software to customers in different market segments. The Consumer segment generates revenue mainly from the sale of portable navigation devices and mobile applications. The majority of revenue is derived from the Location Technology Segment.
$5.66
+1.8%
$705M
$466M
0.7x

Why Flow Partners as your M&A advisor

We operate across four fundamental principles that over the years enabled us to successfully advise many Dutch companies.

Access to relevant buyers

We have extensive network and direct access to world's most prominent financial and strategic buyers, cultivated through years of successful M&A track record across bulge bracket investment banking.

No corporate red tape

We run lean deal processes, without BS, unnecessary time-wasting efforts and corporate inefficiencies. Our approach values candor, transparency and high-impact work to make sure great deals get done.

Thorough preparation

KPI-driven storytelling is more art than science. We have unmatched understanding of digital businesses and are experts in building sharp equity stories that present your business in a clear, concise manner.

Optimize value, not valuation

Valuation is only one side of the medal. We help creating attractive and efficient transaction structures that bridge incentive gaps between sellers, buyers and management teams.

Selected case studies

We've closed sell-side and buy-side transactions across European, US and emerging-market tech.

Our M&A track record spans strategic exits to corporate acquirers, PE buyouts, and cross-border deals where regulatory and structuring complexity actually matters.

Client logo

We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.

Client
Client
Client
Client
Client
Client

Recently completed M&A advisory projects

Selected M&A transactions and prior deal experience.

Bumble logo

M&A

Bumble logo

$3bn acquisition by Blackstone. Family of online dating brands (Badoo, Bumble, Chappy, Lumen).

10bis logo

M&A

10bis logo

€135m acquisition by Takeaway. Leading B2B online food delivery platform in Israel.

PromoFarma logo

M&A

PromoFarma logo

€80m acquisition by Zur Rose. Online e-commerce platform for pharmacy, beauty and wellness.

Bright Data logo

M&A

Bright Data logo

$200m acquisition by EMK. World's largest data collection and transformation platform.

Aroundhome logo

M&A

Aroundhome logo

Acquisition by ProSiebenSat.1 / General Atlantic. Online marketplace for household products and services.

Parship Elite Group logo

M&A

Parship Elite Group logo

€300m acquisition by Oakley Capital. Leading European online matchmaking platform.

Drushim logo

M&A

Drushim logo

Acquisition by Axel Springer. Leading Israeli online classifieds platform (jobs vertical).

Fotolia logo

M&A

Fotolia logo

$800m acquisition by Adobe. Marketplace for royalty-free images, graphics and HD videos.

Trovit logo

M&A

Trovit logo

€80m acquisition by Lifull. Spanish vertical search engine for real estate, cars and jobs.

Facile.it logo

M&A

Facile.it logo

Acquisition by Oakley Capital. Italy's largest online car insurance, gas and electricity brokerage.

mytaxi logo

Strategic Advisory

mytaxi logo

Strategic advisory. Cashless mobile taxi app connecting passengers to nearby taxis.

ASKfm logo

M&A

ASKfm logo

Acquisition by IAC. Digital social media platform for Q&A.

Yad2 logo

M&A

Yad2 logo

$228m acquisition by Axel Springer. Israel's leading classifieds and advertising portal.

Grupfoni logo

M&A

Grupfoni logo

Acquisition by Quant. Turkish membership-based daily deals site.

C More logo

M&A

C More logo

€320m acquisition by Bonnier. Pay television company across the Nordic region.

Sky Deutschland logo

Minority Acquisition

Sky Deutschland logo

€290m minority acquisition by News Corp. German direct broadcast satellite Pay TV (DACH).

SBS logo

M&A

SBS logo

€3.2bn acquisition by ProSiebenSat.1. European media group (TV, radio, print).

ProSiebenSat.1 logo

M&A

ProSiebenSat.1 logo

€3.1bn acquisition by KKR and Permira. German mass media and digital company.

Got questions?

Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.

Unlike traditional M&A advisors, we truly understand tech businesses and the unique challenges they face. Our investment banking background combined with deep sector expertise allows us to build compelling equity stories and navigate complex transactions.

More services

M&A is the ultimate goal, but we play a long game. We're your fractional CFO to help you build financial discipline, and advise you on raising growth capital.

Fractional CFO in the Netherlands

We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.

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VC fundraising in the Netherlands

We help you prepare materials, reach out to investors in our extensive network, negotiate fair term sheets and structure the VC round.

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