Siemens Advanta has drastically bolstered its capabilities in Southern Europe with the acquisition of Spanish digital transformation enterprise Innovation Tactics.
The shift sees all-around 100 employees functioning variety offices in Mallorca, Sevilla, Córdoba and Mexico City be a part of Siemens Advanta, the electronic transformation consultancy of German industrial giant Siemens.
Launched in 1996 as a single of the 1st inhouse consultancies in Europe (back again then as Siemens Management Consulting), Siemens Advanta nowadays advises the two Siemens and external customers on all phases of the digitalisation journey – from method to operations.
Due to the fact its start in 1997, Innovation Strategies has grown to come to be 1 of Spain’s major electronic transformation consultancies with a monitor report of more than 1,500 projects in 20+ countries. The company specialises in IT method, cloud, Sector 4., application design and style and development, and info analytics. Innovation Techniques is a accredited companion of AWS, Microsoft and Oracle, amid other people.
“We are really energized to be becoming a member of the Siemens Advanta family on this following stage of our expansion journey. This acquisition expands our capabilities to serve our purchasers greater and gives great chances for our personnel,” explained Miguel Fernandez Diaz, CEO of Innovation Techniques.
Meanwhile, for Siemens Advanta, the move sees the agency create a foothold in the Iberian Peninsula, which according to Miguel Ángel López, the CEO of Siemens in Spain, “is between the largest markets for electronic transformation products and services in the European Union.”
The acquisitions grows the group of Siemens Advanta to all around 600 consultants and information scientists. Meanwhile, the consulting agency can faucet into a network of close to 10,000 staff at Siemens that can deliver knowledge in consulting or purposeful know-how to jobs.
Aymeric Sarrazin, CEO of Siemens Advanta mentioned: “We are psyched to grow our growing business with the Innovation Techniques group. By combining our ‘go-to-market’ and deep domain know-how with Innovation Strategies’ electronic capabilities, we will make value, which is crucial for accelerating the digital transformation agenda for our buyers and associates.”
Phrases and disorders of the offer have not been disclosed. The transaction shut on 1 July 2022.
In similar news, two worldwide consultancies lately also turned to M&A to bolster their Spanish outfit. In May perhaps, system giant McKinsey & Enterprise acquired S4G Consulting (160 workers) and in March, Accenture acquired Alfa Consulting (50 consultants).