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Astek Changes Dimension in Spain With The Acquisition of Sotec Consulting

Astek, global player in engineering and technology consulting, is strengthening its position in the Spanish market with the acquisition of the Sotec Consulting company. This merger allows Astek to access new clients in Spain, mainly in the Banking and Finance sector with leading institutions (Santander, Caceis Bank, Cetelem, etc.). 

A new strike force of more than 250 employees on the Spanish market 

Since its establishment in Spain in 2015, with 80 employees, Astek has led innovative projects for many sectors of activity. With more than 20 years of experience, Sotec Consulting now has 170 employees, and achieved a turnover of 9.5 million euros in 2023. 

A strengthened European footprint with complementary expertise and client portfolios 

Specializing in digital transformation and strategic management, Sotec Consulting offers a wide range of services, around software development and integration, cloud, blockchain, data security, AI. 

This merger allows Astek to strengthen its positions while expanding its customer base, and thus creates a leading player in supporting the digital transformation of companies in the Spanish market. 

Julien Gavaldon, Chairman of the Management Board of Astek, declared: “The acquisition of Sotec Consulting represents a new strategic step in our growth plan in Europe, which aims to reach a critical size of 1,000 people in different geographic areas and particularly on the Iberian Peninsula. Providing cutting-edge expertise to serve clients in the Banking and Finance sectors will also allow us to develop synergies with France and other European countries. We are enthusiastic about integrating the talents of Sotec Consulting and continuing together our dynamic of innovation and excellence.” 

Luis Calero, Managing Director of Sotec Consulting, commented: “We are delighted to join Astek, a growth accelerator for our company. Astek is a major player in digital transformation in the world whose expertise, resources and culture are undeniable assets to continue to offer innovative and high-quality solutions to all our clients.” 

Astek is thus continuing its strategy of targeted acquisitions which complements its double-digit organic growth. This new operation confirms Astek's desire to develop strong synergies within its Group to provide ever more innovative solutions to its customers. 

SOURCE: ASTEK

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