M&A WATCH: WESTERN EUROPE – JULY 2021 COVERAGE
Our monthly M&A Watch spotlights deals in the Information Technology industry throughout Western Europe.
July saw 42 deals getting closed in Western Europe, compared to 68 during the same time in 2020. Strategic acquirers, often with private equity backing, were more acquisitive this month with 27 of the deals being done by strategic acquirers and 15 by private equity groups. Overall activity in the region is strong and is pointing towards a potential record year for deal volume, if activity remains at this level.
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Accenture announced three notable Western Europe deals in July:
Accenture hasagreed to acquire Ethica Consulting Group, a group of technology companies based in Italy that provides advanced software and professional services. With headquarters in Treviso and several offices across Italy, Ethica Consulting Group is organized into three affiliate companies, each specialized in specific areas of SAP technology, and recognized as an SAP Platinum Partner. The acquisition will strengthen Accenture’s capabilities in delivering digital transformation for clients and enabling them to develop innovative products and services using SAP® cloud-based solutions. Financial terms of the acquisition were not disclosed. #Italy #SAP
Accenture has announced its acquisition of Linkbynet, a leading French cloud services provider specializing in cloud optimization and managed services, cloud transformation, and cloud security. Founded in 2000, Linkbynet is a cloud-native solutions provider based in Saint-Denis, France, with additional offices in Belgium, Canada, China, France, Luxembourg, Mauritius, Singapore, and Vietnam. The acquisition will enhance Accenture Cloud First capabilities supporting clients’ cloud migrations and business transformations. #France #Cloud
Accenture has announced its acquisition of Nell’Armonia, a leading consulting and technology company specializing in enterprise performance management (EPM) solutions, headquartered in Paris, France. With more than 135 highly skilled professionals with experience in Oracle EPM cloud solutions, as well as Anaplan, CCH Tagetik, and OneStream solutions, Nell’Armonia is serving clients across France and Israel with services that cover the entire EPM spectrum, from advisory to implementation and maintenance. The acquisition complements Accenture’s existing capabilities and would enhance its ability to address clients’ needs for analytics-based insights to support finance and end-to-end enterprise planning. #France #ERP
Atos announced its acquisition of IDEAL GRP. IDEAL GRP is a Product Lifecycle Management (PLM) system integrator and platinum-level solution partner of Siemens Digital Industries Software, headquartered in Finland. The firm offers consulting, integration, software, and maintenance services for businesses in the Manufacturing sector. The acquisition will add a highly skilled team of approximately 100 experts to Atos with double platinum status. #Finland #ITConsulting #IoT
Econocom Group, a European digital transformation services provider, acquired Trams Ltd. Founded in 1990, Trams is a UK award-winning IT solutions provider benefiting from long-standing partnerships with Apple, HP, Lenovo, and Dell. The company offers a wide range of services to its B2B customers from defining needs, configuring environments, installing, and supporting hardware. The acquisition strengthens Econocom’s footprint in its core countries. #UnitedKingdom #VAR
Knowit has announced its acquisition of Cybercom Group, to form a unique customer offering within digital transformation with a strong position in the Nordic region. The newly formed entity will deliver digitalization services to both the private and public sectors. Knowit bring expertise in web, e-commerce, and strategy consulting, while Cybercom specializes in connectivity, IoT, cloud-based solutions, and the growing area of cyber and society security. #Sweden #Denmark #Norway #Finland #DigitalTransformationIBM announced its acquisition of Waeg, a leading Salesforce Consulting Partner in Europe, to extend IBM’s portfolio of Salesforce services and advance IBM’s hybrid cloud and AI strategy. Waeg provides a full spectrum of Salesforce consulting services, from digital strategy advisory, business-to-business commerce, marketing automation and customer experience design to implementation and managed services. The acquisition builds on IBM’s continued investment in Salesforce consulting services to meet the rising client demand for experience-led business transformation and new customer engagement strategies backed by data, AI, and machine learning. #Belgium #Salesforce
EPAM Systems, a leading global provider of digital platform engineering and development services, announced its acquisition of CORE SE. CORE SE, is a professional service provider specializing in IT strategy and technology-driven transformations with a focus on IT strategy, IT architecture, solution design and software development. The acquisition strengthens EPAM’s position as a consultancy leader in the DACH region and also expands its ability to support customers as a strategic consultant in Berlin, Frankfurt, Zurich, London, and Dubai. #Germany #ITConsulting #SoftwareDevelopment
About 7 Mile Advisors
7MA provides specialized Investment Banking & Advisory Services to the professional service firms in the Consumer Products & Retail industries. We help our clients determine the right strategic partners for their businesses, transition ownership, raise capital, grow through acquisitions, and evaluate new markets. We advise our clients on M&A and private capital transactions, and provide unique market insights. Our team brings experience and energy to all of our engagements, with a focus on helping our clients navigate a changing marketplace.
To learn more about how 7 Mile Advisors can help you evaluate and execute on strategic M&A or private capital alternatives for your business, please visit our website www.7mileadvisors.com.
