Consortnt confirms its expansion ambitions by acquiring Altea and Estia

The acquisitions are in line with the group’s strategy to expand internationally, reinforce its outsourcing and applications development services solutions, and develop its offering around ‘data intelligence’. 

The two deals have been fully supported by Consort^NT’s shareholders, the independent private investment company Ardian, and by the funds of NAXICAP Partners and EPF Partners.

Created in 1992, Consort^NT designs, develops, operates and maintains its solutions and services by placing the user at the heart of technological added value and innovation. The company employs 1,900 staff and generated sales of €125m in 2015. Already present in Morocco, Consort^NT stepped up its international presence during 2016, opening offices in Belgium, Luxembourg and Germany. 

ALTEA is a digital services company specialising in software testing and certification. The group, founded in 2008, has a  presence in Northern France, Belgium and more recently in Luxembourg. The deal between Consort^NT and ALTEA will enable the new entity to offer a full set of skills and systems capable of managing key application issues throughout the entire lifecycle, from the design phase to operational outsourcing.

The ESTIA group is a specialist consultant which was set up in 2010, offering a unique range of skills in data intelligence in the fields of marketing, financing, risks and operations. This second separate deal between Consort^NT and ESTIA will mean the company can offer unique data valuation projects which offer a full scope of services, ranging from upstream data consulting, to the implementation and operation of data visualisation management solutions.

Consort^NT President Jason Guez, said: “We at Consort^NT welcome on board our new partners, who will help us to strengthen our range of services and pursue our international development.”

Consort^NT Managing Director Elie Cohen added: “Our companies already work in very similar areas, so we really believe this acquisition will help be mutually beneficial, helping us offer hitherto unexplored solutions and services to our clients. I can’t wait to see the results of this drive towards enhancing our performance.”

ALTEA President Lionel Hansart stated: “Our nine years of experience and our track record - which exceed market standards - illustrate the strength of our skills in this field, and our solutions are a perfect match with Consort^NT. This deal provides us with the opportunity to rapidly develop our knowhow beyond our core region of Northern France and Belgium. With backing from their sales forces and support from local sites, we should be able to rapidly mount a challenge for the leading position in the testing business in France.”

ESTIA associates Eric Pistre, Emmanuel Schaefer and David Bluwol add: “This deal is the result of the ambition shared by all the teams to accelerate growth and offer our clients a broader range of services than we ever could individually. By drawing on the excellence of the integration and operational services provided by Consort^NT, combined with the in-field skills and knowhow of ESTIA, we are now proposing a unique and innovative offer to the market.”