Econocom is acquiring operations or parts of companies in Benelux, UK and France as it looks to build business in new sectors.
It is buying 100% of BIS group, a multimedia solutions integrator in the Netherlands and Belgium, a 40% stake in JTRS, an Apple and Google partner for digital solutions in the education sector in the UK, and 100% of LP Digital in France, a digital strategy consulting firm, through its satellite Alter Way.
BIS Group posted a revenue of over €50m in 2016 and employs over 220 people.
This transaction will enable Econocom to bolster its position in the buoyant multimedia segment (indoor and outdoor digital signage, video-conference rooms, smart building, etc.), deploy its entire offering and develop new cross-business line solutions in the key Benelux area.
Econocom will now be present with its three business lines in the group's five priority countries (Belgium, the Netherlands, Spain, Italy and France), which was one of the objectives of the current strategic plan.
JTRS is a supplier of technology solutions in the education sector in the UK. This fast-growing company, which achieved around €11m in sales in 2016, is an Apple and Google Education partner.
Econocom, which is already established in the UK via its Technology Management & Financing business, has named the UK as one of the key geographical areas of the next strategic plan.
Alter Way, an Econocom company specialising in open source web solutions and DevOps services, has acquired 100% of LP Digital Agency, thereby increasing its annual revenue to €15m. LP Digital Agency specialises in digital strategy consulting for key accounts.
Bruno Grossi, Executive Director of Econocom Group, said: "We are happy to welcome BIS within Econocom and expect significant synergies between their know-how in the dynamic multimedia solutions segment in Benelux and our strong existing operations in the region.
"Being able to propose end-to-end digital solutions, including financing, brings in our view tremendous value to our clients."