RAET

RAET is the leading payroll processing company in the Netherlands. It was acquired from Getronics, a listed Dutch IT company. RAET holds a strong position in the healthcare and governmental sector and with large sized companies. The strategy of the company is to grow organically by further developing its position in the Dutch market and gradually expand internationally. It is headquartered in Amersfoort, the Netherlands.

Sales 2002	EUR 94 million
# employees	550
Geographical focus	Netherlands
Type of transaction	MBO out of Getronics
Closing Date	May 2003

Company website: www.raet.nl