18 Jul Clairfield advises Devoteam on the acquisition of Alegri International Service GmbH
Devoteam SA (EPA: DVT), a pure player in digital transformation of large organisations in EMEA, acquired 100% of Alegri International Service GmbH, a leading consulting company for Digital Workplace & IT transformation in Germany.
With this acquisition Devoteam reinforces its position and transformation capabilities in one of its strategic geographies.
Alegri, headquartered in Munich with offices across Germany, Switzerland & Austria, has 240 employees and should achieve revenues of about €40 million in 2018 with a high single digit operating margin rate. Alegri helps large accounts across various sectors (Automotive, Pharmaceutical, Industry, Finance, Retail), to move to a digital workplace, and agile cloud centric IT, notably using Microsoft solutions. Alegri will become Devoteam|Alegri.
The sale, which is expected to close during the third quarter of fiscal 2018, is subject to various closing conditions, including, among others, the approval of the German Federal Cartel Office.
Clairfield International acted as exclusive financial advisor to Devoteam.