Galitt completes ADN’Co acquisition
Boulogne (France), January 10th, 2020
Galitt, a Sopra Steria (Euronext Paris: SOP) company has finalized today the acquisition of ADN’Co, a company specializing in consulting for payment systems markets. With this acquisition, Galitt continues to develop its offer and confirms its leadership position in payment consulting in France and in Europe.
Galitt has completed the acquisition of 100% of the shares and voting rights of ADN’Co, which were, until now, owned by the company’s founders and a few minority shareholders.
Created in 1992 by Benoit Delavenne and Christian Moulet as a consultancy specializing in payment systems, ADN’Co has become a reference player in the French payment consulting market. Its expertise areas include studies, market research and marketing, payment institutions, electronic payment training and project management assistance. Thanks to its 39 staff and its presence with major customers, ADN sales reached around EUR 5.2 million in 2019.
The payment market, especially driven by technology innovation and regulatory evolutions, constitutes a priority development direction for Sopra Steria. The group ambitions to strengthen its strategic and business consulting capabilities in order to propose an end-to-end offer to its major customers including consulting, services, integration and software. Cyril Malargé, CEO of Sopra Steria France and President of Galitt considers that “after the acquisition of Galitt in 2017, the acquisition of ADN’Co is part of our strategy to develop our expertise and our presence in payment markets to support our customers in their digital transformation in this field.”
With this operation, Galitt confirms its leadership position in its markets and pursues its development plan, in synergy with all entities of the Sopra Steria Group. Thanks to its presence with leading players in the payment industry, ADN’Co will strengthen Galitt’s expertise and positions in the field of consulting. Pierre Lahbabi, CEO of Galitt explains: “In a context of rapidly evolving payments, we ambition to be the reference partner for companies and organizations, in Europe and worldwide, for the design and deployment of simple, efficient and secure payment services. With ADN’Co skills and expertise, we are accelerating our roadmap towards this goal.”
For Christian Moulet, General Manager of ADN’Co, “Galitt and ADN’Co share the same corporate culture, the same expertise and sense of customer service. Joining Galitt and Sopra Steria Group makes a lot of sense and offers attractive development prospects.”
ADN’Co will enter the Galitt consolidation perimeter retroactively, as of January 1st, 2020.Download the press release