In an IT sector turbulent by mergers and acquisitions, Wavestone confirms its position as a predator. The technology and digital transformation consulting company, whose annual turnover exceeded 500 million euros for the first time during the previous financial year (2022-2023, ended at the end of March), announces this evening the signing of a memorandum of understanding for the acquisition of the German Q_Perior, for an amount of more than 330 million euros, “in order to constitute a European consulting champion”.
This company, which generated invoicing of 285 million euros last year, is well known to Wavestone because the two entered into a commercial partnership in 2019, for ” shot[er] advantage of their complementarities in terms of geographic coverage, sectoral presence and expertise. »
Q_Perior is presented by Wavestone, in a press release, as “one of the leading consultants in the German-speaking market (Germany, Switzerland, Austria)”, with also an exhibition in North America. The French company, for its part, is present in nine countries, mainly in France (80% of its turnover), the United Kingdom, the United States and Asia.
1 billion turnover by 2025
The merger between the two players aims to create a world-class European consulting firm, with revenue of 1 billion euros by 2025 (where Wavestone’s 2025 strategic plan targeted 750 million billings), at constant exchange rates, for current operating income of at least 130 million over the 2024-2025 financial year, i.e. profitability of 13%, compared to 14.5% for Wavestone in the last fiscal year (15.9% in 2021-2022).
The new entity, which will employ 5,500 people worldwide, “would operate in almost all sectors of activity and would be a real leader in many sectorscan we read in a press release. Banking would represent 21% of the new firm’s business, insurance 18%, energy 14%, industry & automotive 13%, transport & logistics 13%, public sector 10% and consumer goods & luxury 6%,” with big names among customers, such as BMW, Crédit Agricole, Deutsche Bahn, EDF, L’Oréal, LVMH, SNCF and TotalEnergies. “The center of gravity for this new player would be continental Europe (France 52%, Germany 23%, Switzerland 11%, other countries 3%), the United Kingdom (5%), North America (5%) and Asia (1%). »
Related News :