A specialist in engineering and digital transformation, the APSIDE Group announces the acquisition of the ELANZ Group.

Founded in 1976, APSIDE is a market leader in France with annual growth of more than 10% for over 15 years now. Achieving annual revenue of some €198m, the group stands out through the diversity of its expertise in fields such as IT systems, technological & industrial engineering and the development of digital solutions. APSIDE operates in multiple sectors including banking & finance, insurance, defence, automotive, telecoms and media. Headed by Pierre Gauthier, APSIDE exploits the know-how of its 2,500 employees and 22 branch offices both in France and abroad (Germany, Belgium, Morocco, Portugal and Switzerland).

With the support of the investment bank PAX CORPORATE FINANCE in order to identify, initiate and negotiate the acquisition, APSIDE can now count on additional revenue of €15m.

Concluded in parallel with the acquisition of KELEY CONSULTING, this operation follows the restructuring of the majority holding in APSIDE conducted by SIPAREX in February 2018, with the support of multiple entities of the Crédit Agricole group and involving around one hundred of the Group’s executives, with the objective of enabling APSIDE to commence a new stage in its development.

APSIDE has completed the acquisition of ELANZ, a group specialising in IT systems integration and optimisation. Achieving annual revenue of €15m and led by Hubert André and Christian Bourdet, ELANZ supports its clients through a range of IT services, including consulting, project support, design and implementation.

Through the know-how of its 150 consultants divided between the offices in Paris and Auvergne, ELANZ serves a client base of major accounts in industry, banking, insurance and retail. ELANZ will bring to the group its specialist expertise in Microsoft technologies (ELANZ has been a Silver Partner since 2014) in addition to expanding its regional coverage, notably in Clermont-Ferrand.