Wincor Nixdorf acquires majority share in consulting company Projective, extending its project management capacity for financial institutions
Wincor Nixdorf is expanding its software-related service business with the purchase of a majority share in the Belgian company Projective, retroactive to January 1, 2016. Projective specializes in program and project management for the financial services sector and currently employs more than 100 consultants and project managers, most of whom have many years of experience. The company’s performance profile is oriented toward the management of complex IT-supported change and transformation projects for its customers. Over the last five years, Projective’s vendor-independent support approach and independent profile have enabled it to more than double its sales to around €20 million. The company is headquartered in Brussels and has offices in London and The Hague. Wincor Nixdorf is acquiring 51% of Projective’s shares with the goal of maintaining Projective’s independent development with its current management.
The acquisition of the Projective share is part of Wincor Nixdorf’s ongoing transformation program, which also includes the accelerated expansion of its software business and associated professional services activities. “With Projective’s expertise and independent consulting approach, Wincor Nixdorf will add yet another building block to the best possible design and implementation of IT solutions for its customers. This applies in particular to tailored omnichannel concepts that help banks and retail companies meet the challenges of digitalization,” explains Olaf Heyden, member of the Board of Directors of Wincor Nixdorf AG and responsible for the company’s business with software and IT services.
“A closer cooperation with Wincor Nixdorf opens up new growth perspectives for Projective. Through Wincor Nixdorf’s very good customer base, we will be able to expand our activities to include financial institutions in other countries,” explains Projective CEO Stefan Dierckx.