Visiativ strengthens the network of its innovation consulting branch

The news left the market unmoved, with Visiativ stock remaining perfectly flat on Wednesday morning. The company, which specializes in the digital transformation of companies, has just announced the acquisition of 100% of the capital of Braithwaite, an innovation financing consultancy based in Toronto, Canada, and Dublin, Ireland. Due to its size, the operation, which will provide Visiativ with an additional turnover of around 2 million euros, or 0.9% of the total, is small but it allows the French group to strengthen the geographical coverage of its innovation consulting branch. The target shows profitability “ in line with that of ABGI “, specifies the buyer, whose Ebitda margin was 10.3% in 2021. “ ABGI was until then mainly established in France but began its international expansion, United States, Brazil, Canada, United Kingdom and Germany “, underlines the analyst of the firm Invest Securities. The transaction, the amount of which has not been disclosed, was financed entirely in cash. Braithwaite will be consolidated from July 1, 2022.