On 1 March 2023, the acquisition of a majority stake in Algoritmia by the TVH Consulting Group, a French firm specialising in Microsoft and SAP ERP-BI solutions, was completed. Baker Tilly Corporate Finance advised the Algoritmia team on this transaction. The deal follows the one carried out six months ago by TVH Consulting to integrate Fidens, a company specialising in cybersecurity, into its structure. The new entity will have a turnover of more than 46 million euros.
Vendor: Algoritmia Business Applications
Algorithm, founded in 2017, is a consultancy specialising in the implementation of end-to-end digital transformation projects. As a recognised Microsoft partner in Spain, Algoritmia has extensive expertise in implementing solutions that make up the Microsoft ecosystem: ERP, CRM, Power Platform and Artificial Intelligence. With its workforce of over 60 employees, Algoritmia remains true to its initial mission: excellence in supporting its more than 75 clients by leveraging its leading position in the Spanish market, as well as its expertise in Artificial Intelligence and Power Platform, which reinforce its core business of implementing Microsoft Dynamics ERP.
"We are very excited to join the TVH family, as it was essential for Algoritmia to maintain its current strategy while continuing to grow and diversify our solutions portfolio. The merger with TVH Consulting allows us both to bring our "technological" dimension to Microsoft's offerings and to enrich our industry strategy. Satisfying our customers by leveraging our "human" richness remains our promise". Toni Torra, CEO of Algoritmia
Investor: TVH Consulting
Founded in 2003 and backed by the investment fund 21 Invest France, TVH Consulting is an international group specialised in consulting, implementation and integration of the main ERP-BI solutions: Microsoft and SAP. With its own R&D centre, TVH concentrates its know-how on the creation of business solutions for SMEs and large companies in the food industry, agricultural cooperatives, specialised distribution, supermarket suppliers, chemical-pharmaceutical-cosmetology, etc.
"The main objective of this approach with Algoritmia is to give pace to the digital transformation of our customers while extending the geographical reach of the group. It is also important that the vision and strong values of Toni Torra, its CEO, were aligned with ours, as well as the strong involvement of its employees," Ahmed Mahcer, President of TVH Consulting
BAKER TILLY CORPORATE FINANCE:
Baker Tilly has advised Algoritmia on the negotiations with the management team of TVH Consulting. Our partner Alex Wendt has led the team. Baker Tilly Corporate Finance has a specialised team in Mergers and Acquisitions and has consistently ranked in the Top 10 of the global small and mid-market.
"This operation means for Algoritmia to strengthen its position with a reference partner such as TVH and also to join a group with international reach" Alex Wendt, partner of Baker Tilly
Baker Tilly International's corporate finance services include advising on cross-border transactions for clients doing business in multiple locations. Baker Tilly's network spans more than 145 territories, with 40,000 people working in more than 746 offices.
Transaction made by:
Toni CarnéPartner M&A Deal Advisory
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