Global digital product development company, intive, looks ahead following €100-million acquisition

Global digital product development company, intive, looks ahead following €100-million acquisition

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The acquisition announcement from Mid Europa Partners capped an excellent fiscal 2018, a year of intive’s continuous growth and significant consolidation. The leading buyout investor in Central and Eastern Europe acquired intive S.A. from Enterprise Investors, recognizing the company’s strong profitability and anticipating its pan-European strategic moves. The agreement between the two investor parties came into effect on February 7th.

Mid Europa Partners, with its capital of approximately €5.1 billion and proven track record of value creation capabilities, matches intive’s growth strategy and secures the company’s plans to acquire peers to triple its €85-million revenue in the next 5 to 7 years. The leading private equity investor has taken notice of the promising dynamics within the software development services industry and recognized a synergy between intive’s objectives and its own. The €100-million acquisition deal proves a high level of trust between the stakeholders. As Kerim Turkmen, partner at sponsor Mid Europa, sees it: “intive’s long-standing client relationships with some of the most valuable global brands paired with a performance of remarkable strength, add a precious, technology-driven edge to our current portfolio. We’re thrilled to enter 2019 as a key contributor to the company’s exciting journey ahead.”

Germany-headquartered intive is now on track to achieve unprecedented growth, remaining strong on the German market, and expanding considerably in France, UK and the Americas. Further advancements include international acquisitions targeted at both mid-sized software players and sector innovation leaders to complement intive’s offering portfolio with AI-powered technologies, design or industry expertise.

The company is committed to retaining in steady growth, leveraging its strong capabilities in embedded automotive solutions and boosting its cognitive potential. intive’s CEO Ludovic Gaudé points out: “We are halfway to becoming a truly pan-European organization, one that thrives and stays independent in a consolidating market. Our customers trust in partnering with us to accelerate their own Digital Transformation and create business growth in a human-centric and value-driven way. We are happy that Mid Europa believes in this approach and we will continue to pursue it together.”

Gaudé continues, “With a consolidated position in Europe, our next step at intive is to continue our expansion into the US market. Having a solid footing already in Silicon Valley and opening offices in New York soon, we look to continue to grow our US operations, particularly servicing clients in the high tech and media industries, among other sectors.”

Digital Transformation success stories are the driving force behind intive’s operations in Europe and the Americas. With financial flexibility ensured by the new investor, the company’s course is set on generating double-digit growth and delivering the most cutting-edge lineup of services ever.

Disclosure: This article includes a client of an Espacio portfolio company

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