News

SII takes over all of the shares of Feel Europe

02-22-2017
SII takes over all of the shares of Feel Europe

The SII engineering consulting group confirms the acquisition of 100% of FEEL EUROPE GROUPE’s shares.

As it was announced on February 14, 2017, the acquisition has been finalized today and the new business will become part of the consolidated group starting March 1, 2017.

 


Feel Europe, a major provider of services to large clients in banking, insurance and energy

A consulting company specializing in the organization of information systems, Feel Europe has realized a revenue of 56.9 million euros in 2016. With a staff of more than 500 consultants operating in the Paris region and various parts of France, the company provides solutions for the operating and business problems of large clients with services in four major areas: project management, technologies, infrastructures and training. Feel Europe is particularly active in the banking and finance sector (which accounted for 50 percent of its business), insurance (25 percent) and services to industry (25 percent).

An acquisition at the core of SII’s strategy to diversify the sectors in which it operates

This acquisition is clearly consistent with SII’s strategic objectives and the efforts made by management over the past four years to diversify the sectors in which Group operates. With this new addition, SII’s expansion into sectors such as banking, insurance and energy is expected to accelerate, while strengthening its close relationships with several key core accounts (BNP Paribas, Société Générale, EDF, Engie, Veolia, etc.).

Advisers to the seller: KPMG Corporate Finance & Jeantet Associés
Advisers to the purchaser: FIDAL & RSM Advisory Services