In February 2024, the acquisition of SAP partner Intarex by Oreka IT was closed. Baker Tilly M&A TMT advised the Intarex team in this operation.
The integration of Intarex into Oreka IT turns both into an organization with 130 professionals and a forecasted revenue of 8 million euros in 2024. Intarex and Oreka's clients will now have access to a wider range of services and solutions. Among other things, Oreka IT has its own DataCenter at its headquarters in Vitoria-Gasteiz.
Intarex brings to the new project a notable portfolio of international clients and the fact of being experienced SAP partners for almost 20 years.
Target: Intarex
Intarex is based in Igualada (Barcelona, Spain) and was founded in 1994. It specializes in services on SAP Business One technology, with a specialization strategy: the development of vertical solutions for textile, tanning, and chemical companies. It has been a SAP partner since 2006, assisting SMEs in their digital transformation and the integration of vertical solutions into SAP Business One. The operation, necessary to resolve the company's succession, will also allow Intarex to grow in agreements with universities and vocational training centers, as Oreka already has in the Basque Country and Navarra.
Investor: Oreka IT
Founded in 2009 and based in Vitoria-Gasteiz (Álava, Basque Country), Oreka IT is a technology company specialized in the digitalization of business management processes and productive environments. It has offices in the three provinces of the Basque Country and in Navarra.
Its areas of expertise include ERP, CRM, and MES solutions for SMEs and large companies, both in the private and public sectors. Among others, they are technological partners of SAP ("Gold Partner"), Microsoft, and Salesforce, and they also have a portfolio of their own products. They also have their own CDP infrastructure where they can host SAP systems, including those based on HANA.
Baker Tilly Corporate Finance:
Baker Tilly advised Intarex in negotiations with the management team of Oreka IT. Diego Gutiérrez, a partner specialized in the technology sector, led the team. Baker Tilly has a specialized team in tech M&A and has consistently ranked in the Top 10 in the global M&A market.
Baker Tilly International's corporate finance services include advice on cross-border transactions for clients doing business in multiple locations. The Baker Tilly network spans 140 territories, with over 43,000 people working in some 700 offices.
Baker Tilly International is an international business professional services network specializing in advisory, consulting, audit, tax and legal, accounting, labor and management services for SMEs and multinational companies.
