Sword APAK | Sale of our AFS business to Sopra Steria Group

Sword APAK | Sale of our AFS business to Sopra Steria Group

Sword APAK | Sale of our AFS business to Sopra Steria Group 900 600 Cynthia Vettivelu

Refocusing the business on Data Management

This disposal completes the cycle designed to refocus the Group’s business activities exclusively on Data Management, including:

  • In the Services sector, the process whereby data is transformed into information, data processing using new technologies with a ticket to growth in Blockchain Technologies, Robot Process Automation (RPA), the Internet of Things, etc.
  • In the Software business, GRC, Security, Investigation and Intellectual Property.

Within the context of this disposal, the Group benefits from extremely positive fundamentals such as its strong profitability and double-digit organic growth. The cash generated by this disposal will serve to finance:

  • Organic growth,
  • New initiatives,
  • Larger acquisitions,
  • Shareholder remuneration.

The sector involved is the one covered by the Apak subsidiaries located notably in Bristol – the UK and Atlanta – US.
Deconsolidation took place on October, 18th. The 2018 budgeted revenue of APAK amounts to €31 M.
The Apak teams are delighted with the merger.

The Group confirms the fundamentals for its future development:

  • Coherence,
  • Double-digit organic growth,
  • Acquisition in the sectors already covered by the Group.

 

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