Refocusing the business on Data Management
This disposal completes the cycle designed to refocus the Group’s business activities exclusively on Data Management, including:
- In the Services sector, the process whereby data is transformed into information, data processing using new technologies with a ticket to growth in Blockchain Technologies, Robot Process Automation (RPA), the Internet of Things, etc.
- In the Software business, GRC, Security, Investigation and Intellectual Property.
Within the context of this disposal, the Group benefits from extremely positive fundamentals such as its strong profitability and double-digit organic growth. The cash generated by this disposal will serve to finance:
- Organic growth,
- New initiatives,
- Larger acquisitions,
- Shareholder remuneration.
The sector involved is the one covered by the Apak subsidiaries located notably in Bristol – the UK and Atlanta – US.
Deconsolidation took place on October, 18th. The 2018 budgeted revenue of APAK amounts to €31 M.
The Apak teams are delighted with the merger.
The Group confirms the fundamentals for its future development:
- Coherence,
- Double-digit organic growth,
- Acquisition in the sectors already covered by the Group.
