January 24, 2022
Translink Corporate Finance advised the shareholders of CLEVERTASK, a Spanish technology consultancy Group specialized in digital transformation and Big Data, on its 100% sale to ALTEN, a French multinational listed company engaged in engineering and technology consulting.
Founded in 2013, CLEVERTASK is a Spanish technology consultancy Group of three companies: Clevertask Solutions, S.L. (CTS); Clevertask Andorra, S.L.U (CTA); and Cleverdata Solutions, S.L. (CDS). The Group focuses on digital transformation and Big Data, implementing innovative technological solutions and managing “ad-hoc” services for clients.
CLEVERTASK provides mission-critical services, strategic technology consulting, implementation of digital workplace transformation, industrial transformation to the cloud (collaborations, productivity, security, identity management), business mobility, advanced data analytics and AI for blue chip clients.
With a team of 200 employees across Barcelona, Madrid and Andorra, CLEVERTASK provides IT services to more than 60 multinational clients in Spain, Andorra, Luxembourg and the United States. The Group generated over €12m in revenue in 2021 (c.76.5% recurrent).
ALTEN Group is a French multinational company engaged in engineering and technology consulting. The Group, listed in Euronext Paris, is involved in all phases of the product cycle for the technical divisions of the industry: consulting and specifications, R&D, conception and design, manufacturing engineering and customer support.
A world leader in Engineering and IT Services, ALTEN works with major players in numerous sectors, including Aeronautics, Space, Defense & Security; Automotive, Rail & Naval; Energy & Life Sciences; Telecoms & Media; as well as Banking, Finance, Insurance, Services & Public Sector.
ALTEN is active in more than 30 countries, with 40,000 employees and reported a revenue of € 2.9 Bn in 2021.
The acquisition of CLEVERTASK will enable ALTEN to acquire talent, know-how and expertise in niche sectors.
Contact our Team Members advising in this transaction:
Financière Monceau CF is the partner firm of Translink Corporate Finance in France composed of seasoned finance professionals who have matured extensive experience in a variety of sectors and disciplines within some the most important players both nationally and internationally in industry, finance and management consulting.
Windcorp Translink is the partner firm of Translink Corporate Finance in Spain and provides financial services, including M&A processes as well as in financial restructuring and independent company valuations, to both national and international companies either listed or in the midmarket segment. Founded in 1989, Windcorp Translink has advised companies in several industries and has successfully closed over 250 transactions with an aggregated volume of EUR 5,000 Mn.