We have advised Astek on its acquisition of Intitek.
Founded in 1988, Astek is one of France's leading engineering and IT services companies, specialised in outsourced R&D and digital transformation with nearly 500 customers and 3,200 employees in France and internationally. Astek generated €198m in revenue in 2018.
Founded in 2007, Intitek is a French engineering and IT services company with more than 700 employees in France and abroad, including Spain, Poland, and Canada. In 2018, Intitek achieved a turnover of nearly €50m.
The merger of both groups benefits from strong sectoral and geographical complementarities. Also, Astek will be able to further strengthen its French territorial coverage and its international footprint, particularly in Spain, Poland, and North America.
The acquisition of Intitek will also enable Astek to acquire new skills, particularly in the field of the Internet of Things, and to attract more talent, a critical issue in the industry.
This major acquisition will enable the consolidated group to reach €280m of consolidated revenue in 2019, with approximately 4,000 employees, including 1,200 internationally, and position itself as a consolidator of the industry.
