Claranova announces the upcoming sale of Avanquest’s non-strategic activities in Europe – 06/06/2023 at 18:17

(AOF) – Claranova announces that its subsidiary Avanquest has started discussions with several potential investors for the sale of its non-strategic activities in Europe. The company, which manages several majority stakes in technological groups, specifies that this sale concerns activities “with a lower margin, which have become non-strategic”, positioned in less buoyant and losing markets, which “represent only a turnover of ‘total business of about 12 million dollars’. Discussions will continue in June.

“In accordance with our strategy, we are continuing to rationalize Avanquest’s businesses and wish to separate ourselves from activities that are now far removed from our core business”, declares Eric Gareau, CEO of Avanquest. “We remain resolutely committed to the development of proprietary products and services in the PDF, Security and Photo segments sold in the form of subscriptions as growth drivers”.


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