French management and IT consulting firm Solucom has acquired Swiss consulting firm Arthus Technologies. The move is part of the firm’s ‘Up 2020’ strategic plan under which the firm aims to strengthen its geographic presence.
Arthus Technologies is a Swiss consulting firm, based in Geneva, specialised in IT & Telecommunication. The advisory provides its clients management and IT solutions, ranging from strategic sourcing through to transformation management. The company was founded in 2002 and has a staff of 25 employees.
In line with its ‘Up 2020’ strategic plan*, Solucom decided to acquire Arthus Technologies. The move forms the next stage in its international expansion programme and will give the firm “a foothold in an attractive market”. By integrating Arthus Technologies in its business, Solucom will be able enhance its offering to its clients in Switzerland, while also gain access to new clients.
For Arthus Technologies, the merger will also be a great move, Co-founder of Arthus Technologies, Harold Syfrig explains: “This merger with a top-ranking consulting group is a tremendous opportunity which will help us step up our expansion, enhance our consulting offering and provide greater career-development possibilities for our employees. We are obviously very eager to become part of Solucom's international expansion programme.”
Commenting on the deal, Chairman of Solucom, Pascal Imbert says: “Switzerland is a highly coveted market for consulting firms. In particular, it is characterised by the large presence of international accounts, notably in the fields of banking and insurance which are two priority sectors for Solucom. Following on from the merger with Hudson & Yorke, Arthus Technologies strengthens our ambition to become a leading IT sourcing advisory firm in Europe.”
Solucom has acquired 100% of Arthus Technologies' capital and the firm has been consolidated in Solucom's accounts as of 1 July 2015.
* The ‘Up 2020’ has three objectives: break through the €300 million revenue barrier, acquire a more global profile (20% of sales generated internationally) and generate an EBIT margin of 15%.