Visiativ: DEVELOPMENT OF INTERNATIONAL CONSULTANCY ACTIVITIES: ACQUISITION OF BRAITHWAITE COMPANY BASED IN CANADA AND IRELAND
Lyon, July 19, 2022, 6:00 p.m. Visiativ, an expert in digital transformation and innovation for small and medium-sized businesses, is listed on Euronext Growth in Paris (FR0004029478, ALVIV).
Visiativ announces the acquisition of Braithwaite, the innovation finance consultancy based in Canada (Toronto) and Ireland (Dublin). This acquisition will strengthen the management and financing consulting activities of the Visiativ group (under the ABGI brand) in North America (Canada – Ontario) and will provide the group with a new presence in Europe (in the Republic of Ireland). Bringing together around thirty consultants, Braithwaite achieved a turnover of 2.5 MCAD (1.9 M€) in 2021.
For nearly 30 years, Braithwaite has supported large companies in all sectors of activity in financing their R&D in Canada (Scientific research and experimental development (SR&ED)) and Ireland (R&D tax credit) to foster their innovation and development.
This new acquisition will strengthen ABGI’s local and international presence through the acquisition of one of the company’s global pioneers, which enjoys a solid reputation both with customers and with Canadian tax and subsidy authorities.
Since 2017, ABGI has been present in the United States (Houston), Brazil (Sao Paulo) and Canada (Montreal). In 2019, the group continued its international expansion with the acquisition of Jumpstart and MSC Associates in the UK, as well as IFTC in Northern Ireland. Since 2021, ABGI has been present in Germany with the German innovation finance pioneer, Partner Für Innovation & Förderung (PFIF).
Braithwaite generated revenue of around 2.5 MCAD (€1.9m) in 2021, as well as profitability comparable to that of ABGI.
The 100% equity acquisition of Braithwaite, which will be consolidated from July 1, 2022, has been agreed to be fully cash financed.
Bruce Braithwaite, Founder and Chairman of Braithwaite, said:
“We are delighted to join the ABGI and Visiativ teams, which will allow our company to continue its development, embodying values similar to those that our company and our employees have always defended: ethics, quality of service and customer satisfaction. . We share the same vision of our business at the service of innovation and corporate financing.
Visiativ’s mission is to make digital transformation a performance lever for companies. We do this by co-constructing with our customers, over the long term. We call this our promise: “Sharing is growing”.
We support our clients by providing solutions and services to plan, implement, manage and monitor transformations with a unique and innovative approach through three pillars: Consult (advice & support), Engage (solutions & deployment) and Connect ( exchange and sharing communities) . With more than 35 years of proven experience with more than 21,000 Small & Mid-Market customers, Visiativ generated revenue of 214 million euros in 2021. Visiativ is present in 11 countries (Belgium, Brazil, Canada, France, Germany, Luxembourg, Morocco, Netherlands, United Kingdom, United States and Switzerland) and has more than 1,100 employees.
Visiativ (ISIN code FR0004029478, ALVIV) is listed on Euronext Growth in Paris. The action is eligible for PEA and PEA-PME.
For more information visit www.visiativ.com
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