Waterland Private Equity (Waterland) is selling its majority stake in Netrics, a Swiss workplace and cloud service provider, to Bregal Unternehmerkapital. Financial terms of the deal, which is expected to close by year-end, have not been disclosed.
Waterland has supported Netrics in its strategic orientation to become a key partner for the digitalisation of companies using cloud and modern workplace technologies.
In collaboration with the founders, Waterland initiated the merger of Tineo, nexellent and Netrics as well as the subsequent buy-and-build strategy with the acquisitions of BlueStone Consulting and PageUp.
Today, Netrics employs over 140 experts and serves more than 600 customers in the Swiss marketplace. The management team will continue to build on this strategy in the new ownership structure and drive it further.