AXI

In the Belgian IT landscape, some companies grow steadily for decades, building a solid foundation under the radar. AXI is one of those companies. Its modern story began in 1985 with a management buy-out from VEV, the predecessor to the Flemish Chamber of Commerce and Industry (Voka). For years, it established itself as a key IT services and software provider for crucial sectors like government, healthcare, and retail in Belgium and the Netherlands. A pivotal chapter began in October 2022. The company, previously backed by Indufin, was acquired by the Belgian investor Strada Partners. This wasn't just a change of ownership; it was a signal of a new, aggressive strategy. The playbook shifted from steady organic growth to a dynamic 'buy and build' model, designed to rapidly expand AXI's footprint and capabilities. With fresh capital and a clear mandate, AXI embarked on an acquisition spree. It swiftly brought several specialized IT firms into its fold, including Tilroy, InterIT, and ITP Group in 2023, followed by Datalink and the legal tech specialist Contractify in 2024. Each acquisition wasn't random but a strategic piece added to the puzzle, strengthening its portfolio in areas from cloud services to contract management software. This series of moves transformed the quiet operator into a formidable market consolidator.