April 2025
Xenit Acquired by Amexio Group
33Equity is pleased to announce that it has acted as the exclusive financial advisor to XeniT in its acquisition by AMEXIO Group.
About Xenit
Founded in 2007 and headquartered in Leuven, Belgium, XeniT is one of Belgium's leading specialists in enterprise content management (ECM). The company combines system integration, custom software development and managed cloud services, and is recognized as the leading Alfresco integrator in Belgium and a top-10 Hyland partner worldwide. Alongside its services business, XeniT developed two proprietary products: Alfred, which improves the performance and interoperability of Alfresco platforms, and ContentGrid, a SaaS platform for managing large content volumes with AI-driven classification, metadata enrichment and long-term preservation. Roughly half of XeniT's revenue is recurring, generated by software and managed services.
About Amexio Group
Headquartered in Paris, AMEXIO Group is one of Europe's largest specialists in content services and digital transformation, with approximately 1,000 employees and around €150 million in revenue. The group has grown through a combination of organic expansion and targeted acquisitions, and has set out to generate one third of its revenue from software and hosting by 2026.
Strategic rationale
The acquisition gives AMEXIO an established presence in the Benelux and adds proprietary intellectual property to a portfolio that has historically been services-led. For XeniT, joining AMEXIO provides the scale, international reach and balance-sheet strength to take ContentGrid to a wider market, with access to Belgium, the UK and the United States. Ronny Timmermans, CEO and founder of XeniT, has taken a stake in AMEXIO's shareholding structure, ensuring continuity of leadership and a shared interest in the group's next phase of growth.
33Equity's role
33Equity advised XeniT and its shareholders throughout the process — from preparing the company and its equity story for market, through identifying and approaching a targeted group of international acquirers, to negotiating valuation, deal structure and the founder's reinvestment into the combined group. A central part of the mandate was positioning XeniT not as a regional integrator but as a software business with recurring revenue and defensible IP. That distinction determines which buyers engage, and on what terms.
Why this transaction matters
The European content services market is consolidating quickly. Acquirers pay a clear premium for recurring software revenue over project-based integration work, and mid-sized specialists with genuine intellectual property are in short supply. For founders in this segment the question is rarely whether there is appetite — it is whether the business is presented in the terms acquirers actually underwrite. Getting that right, well before a process begins, is where most of the value is created.
Acknowledgements
33Equity worked alongside Didier Roemers and Wouter Verhelst of Ace Law, who acted as legal counsel to XeniT, and thanks them for their role in bringing the transaction to a successful close.
This transaction underscores 33Equity's expertise in advising technology companies on strategic mergers and acquisitions. Read the full announcement.
