SOLUTIONS 30, Europe's leading provider of Solutions for New Technologies, today announced the acquisition of 50% of the capital of Autronic, a Spanish company active in support for new technologies and preferred partner of Vodafone Spain.
Autronic, which generates €12 million in revenue annually and employs 200 people, will be consolidated in the group as of 1 March 2016. The deal includes the option for SOLUTIONS 30 to increase its stake to full ownership in two to three years.
Active throughout Spain, the similarities between Autronic's and SOLUTIONS 30's business models and profit levels will accelerate integration of its operations.
Commenting on the acquisition, Gianbeppi Fortis, Chairman of the Executive Board of SOLUTIONS 30 said: "Spain's economy recovered strongly in 2015 with growth rates among the highest of the eurozone's largest economies. The Spanish market is a major objective for SOLUTIONS 30, and our holding position since 2011 provides a springboard for growth. A few short months after taking over Rexion, the historic provider of IT solutions in Spain and Portugal for Hewlett Packard, the acquisition of Autronic, Vodafone's telecoms and fibre optic partner, is decisive on three levels. First, it helps us to achieve critical mass in the Spanish market. Second, it consolidates our links to Vodafone - one of our major clients - and again demonstrates our capacity to support major accounts in their European operations. Third, it gives us a footing in Spain's promising fibre optic market."
Next key dates:
April 26, 2016: Publication of revenue for the 1st quarter 2016 and 2015 results.
April 28, 2016: Presentation of Results 2015 to the conference center Edouard VII Paris 8
About Solutions 30
The SOLUTIONS 30 Group (ex PC30) is Europe's leading provider of solutions for New Technologies. Its mission is to make the technological changes that transform our daily lives accessible for everyone, individuals and businesses alike: yesterday computers and the Intranet, today, digital; tomorrow, the technologies that will make the world ever more connected in real time. Since its founding, the Group has handled more than 7 million calls by drawing on a network of regional technicians. SOLUTIONS 30 currently covers the whole of France, Italy, the Netherlands, Belgium, Germany and Spain.
SOLUTIONS 30 is listed on the Alternext market - ISIN FR0010263335 - code ALS30, eligible for the PEA-PME share savings plan,
and on the Frankfurt stock exchange on the XETRA electronic system (ISIN FR0010263335 - code EO2)
For more information, please visit our website www.solutions30.com
SOLUTIONS 30 CONTACTS :
Nezha Calligaro
+352 2 648 1917
nezha.calligaro@solutions30.com
PRESS CONTACT :
Samuel Beaupain, EDIFICE
+33 (0)6 88 48 48 02
samuelbeaupain@reseau-edifice.com
LISTING SPONSOR :
Hervé Guyot, GENESTA
+ 33 (0)1 45 63 68 60
COMALTO :
Jean-François CARMINATI
+33 (0)6 63 87 57 60