CF Report, market leader in annual reporting in the Netherlands, and Creative Digital Agency group Happy Horizon are joining forces to focus together on the future of digital reporting.

The future of reporting is digital. Walter van de Wege, CEO of Happy Horizon, and Pieter Koenders, Managing Director of CF Report are fully convinced of this. By joining forces, the two organisations will be ideally positioned to focus on this. Happy Horizon will acquire 100 per cent of the shares in CF Report, and CF Report will become part of a financially strong digital business services agency with more than 550 talented digital experts and nearly 1,000 clients, generating revenue of over € 70 million a year.

Pieter Koenders: ‘Over the past 10 years, CF Report has developed into a leading and innovative reporting specialist. We work with 30 reporting specialists for nearly 80 clients, ranging from listed companies to not-for-profit organisations and charities operating in dozens of different sectors. The focus is on the combination of online and offline data-driven reporting design, reporting consultancy, sustainability strategy and communication, dashboarding and data-based corporate communications. CF Report is the market leader in reporting in the Netherlands, but we also work for clients in Belgium, the UK, the USA, Poland and the Nordic countries. Every year, clients of CF Report win major reporting awards. CF Report has grown rapidly in the last five years and is one of the fastest-growing companies in the Netherlands, winning the FD Gazelle Award no less than five times in a row.’

Walter van de Wege: ‘Happy Horizon, supported in its growth strategy by private equity party MG Partners, has also seen rapid growth in the last 18 months both organically and through acquisitions, and has teams offering an integrated approach in areas such as Strategy & Innovation, Data & Automation, Online Marketing, Development & Technology and Branding & Content, as well as several industry specialists. CF Report will form the core of our digital reporting specialism. We are delighted with the added value to come from CF Report, which in due course will move to our new premises in front of the Hub Amsterdam in Amsterdam-Duivendrecht as an independent entity. Cooperation, synergy and sharing of clients will bring about further growth for both Happy Horizon and CF Report. Management and employees will continue as normal, ensuring multi-year continuity.’