Four consulting firms and two law firms took part in overseeing the recent deal between Altran and NSpyre. Buyer Altran was advised by Boer & Croon Corporate Finance, CMS Derks Start Busmann and Grant Thornton. NSpyre was advised by PwC Corporate Finance, Simmons & Simmons and EY.
The technical consultancy NSpyre was recently acquired by Altran, one of the largest high-tech engineering and consultancy firms in the world. In line with Altran's strategic growth ambitions and to develop their footprint in the Benelux region, the firm decided to acquire Nspyre, whose speciality lies in high-tech-technology, software development and Research & Development. Pascal Laffineur, CEO of Altran Benelux, remarks about the closed deal: “The acquisition of Nspyre is in line with the Group’s strategic objectives and will reinforce the Altran Intelligent Systems and Lifecycle Experience solutions.” As part of the takeover, the company grows its Benelux employee base to 1,800 staff, with approximately 1,000 of these in the Netherlands.
A diverse group of advisers (accountant-, corporate financer- and accounting firms) took part in delivering the deal between Altran and Nspyre. Buyer Altran was advised by Boer & Croon Corporate Finance, legal advice was given by CMS Derks Star Busmann and Financial- Tax- and Pensions due diligence came from Grant Thornton. Seller Nspyer was supported in corporate finance advice by PwC, legal advice came from Simmons & Simmons and Financial- and Tax Vendor due diligence was provided by M&A specialists of EY. As the deal was conducted in the Netherlands, the majority of M&A teams were staffed from the Dutch practices of the professionals services firms.
This is the second large takeover for Altran in the region in recent time – last year the firm bought TASS, specialists in the area of Intelligent Systems (~230 employees).