On 22 December Clever Global went public on the MAB, carrying out a €2.4M capital increase and a week later announced the acquisition of the Catalan company Isoco, a technology services company aimed at transforming the purchasing function into a strategic process for organisations.
About Clever Global
CLEVER Global is a technology services and outsourcing company specialising in the global management of suppliers and contractors, coordinating in real time all the elements (companies, workers, vehicles and machinery) involved.
The company is present in 11 countries through permanent offices: Argentina, Brazil, Chile, Colombia, Ecuador, Spain, USA, Honduras, Mexico, Peru, United Kingdom and Uruguay. In addition, it provides its services in 36 countries on five continents.
As we have already seen, when we told you that Clever Global had exited to Mab, 2015, with a growth of 69%, has been a key year for the company. This growth has been largely due to the weight of the international market, which now exceeds the domestic market. The recent listing on the mab gives it financial muscle to be able to continue making purchases.
About Isoco
Isoco is a technology services company aimed at transforming the procurement function into a strategic process for organisations. The company combines several elements to help make procurement more efficient: professional services, procurement consulting and modelling and category management and technology solutions.
The firm has a suite that allows end-to-end management of the purchasing process, including approval services, negotiation, electronic invoicing and supplier portals. With 50 employees, the company is present in Barcelona, Madrid, Valencia and Medellín (Colombia).
About the purchase
Clever Global has acquired Isoco with the aim of expanding its portfolio with complementary Supply Chain Management services by adding procurement management and approval services to its global supplier and contractor management offering in all the territories in which it operates.
Clever Global has paid €868,000 for Isoco, between the pre-financing it has granted and the option price.
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