Transaction Details

November 1, 2018
Stockholm

Sector

Technology

Deal Type

M&A

Deal Value

N/D

Deal Team

Kristoffer Kalleskog, Sebastien Delattre, Alexander Alm

Beamon People sold to ALTEN

A young and dynamic people-centric consultancy focusing on critical digital and IT challenges

Headquartered in Stockholm, Sweden Beamon People was founded in late 2010 by a team of IT consulting experts.

Leveraging its 85+ carefully hand-picked senior consultants, Beamon People delivers a comprehensive mix of today’s business- and growth-critical technology services to Swedish category leaders such as Bonnier, PwC, Spotify and SEB.

Built on the idea of being an agile and creative alternative to established IT Services firms, Beamon People has quickly become one of the reference players in Sweden within software development/architecture, software and quality assurance, UX design and overall IT project management.

ALTEN to strengthen its presence and IT consulting capabilities in the Nordic market

Listed on Euronext Paris, ALTEN is a European leader in engineering services and technology consulting with over 28,000 employees in more than 20 countries that generated EUR 2.0bn in revenue in 2017.

Its Swedish operations represented SEK 1.2bn in revenue in 2017, growing 18% compared to 2016. Headquartered in Gothenburg, ALTEN Sweden employs c. 1,450 staff through local offices in Stockholm, Lund, Linköping, Västerås, Jönköping, Örebro, Umeå, Skellefteå and Luleå.

The acquisition of Beamon People is in line with ALTEN’s strategic plan for the 2018-2020 period which aims at strengthening its position by reaching 2,000+ engineers in key geographies. Beamon People will increase ALTEN’s overall presence in the Swedish market with a particular focus on IT and digital services, and provide business opportunities for both companies and their clients.

GCA Altium acted as sole advisor to the Sellers.

Related Transactions

Previous Next
All transactions