Adea document engineering buys SDM, with the aim of acquiring a technological base that places it at the forefront of digital document management. An expert in the automation of any document procedure, SDM offers advanced self-developed tools to speed up data capture, indexing, verification and export work.
Adea corporate finance analysis
Adea is the leading document management company in Spain, which since its foundation in 1999, provides analysis and consultancy services that cover from the preliminary study of the client's document circuit, to the integral design, implementation and maintenance of the document management processes that are necessary for its correct operation.
It currently has almost 300 professionals at its service in its centres in Madrid, Guadalajara, Gran Canaria, Tenerife, Zaragoza, Bogotá (Colombia), Oporto (Portugal) and Montijo (Portugal).
In 2012, Indra sold Adea to Atlas Capital At that time the company had a turnover of around €10.7M and an ebitda of €3.4M. Since then, the company has implemented an organic and inorganic growth plan, supported by venture capital. They have opened offices in Colombia and have expanded their facilities in both Spain and Portugal. In 2017, the time has come to grow inorganically and they have bought first the Zaragoza company Logisman and now SDM. The company Logismas is also focused on document storage and management.
"The entry of Atlas Capital and its subsequent growth plan for the company has allowed the company to increase its revenues by 80%, from €11M in 2011 to €20M in 2017," says Diego Gutierre, corporate finance expert at Abra-Invest.
About SDM
With more than 25 years in the market, SDM is dedicated to the distribution of OpenText Document Management solutions and the development of its own automatic data capture software sdmREADOC. An expert in the automation of any document procedure, SDM provides its customers with advanced tools developed in-house to speed up data capture, indexing, verification and export work. Its integration in AdeA enriches the portfolio of document solutions of the leading Spanish company in file management, which thus strengthens its technological base to accompany its customers in the digital transformation of their businesses.
Why is SDM buying Adea?
With this purchase, Adea continues to fulfil its inorganic growth plan, enriching its portfolio of document solutions and reinforcing its technological base to accompany its customers in the digital transformation of their businesses. In addition, Adea will be able to take advantage of the existing geographical and technological synergies between them.
Adea will provide SDM with resources and staff to turn it into its R&D laboratory in order to boost innovation in digital records management.
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