Pantheon Automatisering offers a full-service solution for business processes of SMEs. With a team of 130 people, the company achieves an annual turnover of approximately 15 million euros. The shareholders had a clear picture of the ideal buyer,” Karel remembers. “Several foreign buyers were interested, but then Pantheon would have had to integrate partly. That wasn’t an option, continuity beat valuation.”
No exit horizon
And TSS offers that continuity. The company operates over 105 independent software business units in Europe. “Software for life is its motto. TSS typically acquires businesses without the intention to sell at a later stage. They have no exit horizon and acquired businesses don’t have to integrate. They can profit from each other if that is advisable. Thanks to this structure, there is no need for Pantheon’s shareholders to concede on their major conditions. Nothing but happy faces at the civil notary’s office,” Karel Kramer concludes.