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    ATE   FR0000071946

ALTEN

(ATE)
  Report
Real-time Euronext Paris  -  09:15 2022-11-30 am EST
119.80 EUR   -0.42%
11/03Alten : joins STMicroelectronics Partnership Program
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10/27Transcript : Alten S.A., Q3 2022 Sales/ Trading Statement Call, Oct 27, 2022
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10/26Alten : Business at the end of September 2022
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French Alten takes over Romanian tech firm Qualitance

09/29/2022 | 04:31am EST

Qualitance, an international tech and innovation company founded in Romania, has been sold by its founders Radu Constantinescu and Ioan Iacob to Alten, a French technology and innovation consultancy and services group with international operations in 30 countries.

Qualitance builds digital products and businesses for global organisations and start-ups. Through this acquisition, Alten Group will strengthen its presence in Romania and increase its ability to access new projects and clients from Central and Eastern Europe.

"Sharing a common vision with regard to the impact and evolution of technology in business and society, we are all the more confident that together we will be able to help even more organisations across Central and Eastern Europe to design and implement their digital transformation strategies fast and in a sustainable manner,” said Axel Girardetti, Central & Eastern Europe director at Alten Group.

Constantinescu owned 48.4% of the company and Iacob 38.7%, with the remaining shares distributed as incentives or under sale contracts.

The sale was “a natural step in the evolution of the company,” said Constantinescu.

"The opportunity to become part of Alten Group delights us as we are sharing not just complementary know-how and talent, but also the same business philosophy centered on the needs and success of organizations, their clients, and employees,” he added. 

Completion of the transaction is subject to approval by the Competition Council and other conditions precedent agreed by the parties.

ROPTR law firm acted as a sell-side consultant.

 

©2022 bne IntelliNews , source Magazine

All news about ALTEN
11/03Alten : joins STMicroelectronics Partnership Program
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10/26Alten : Business at the end of September 2022
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09/29French Alten takes over Romanian tech firm Qualitance
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More news
Financials
Sales 2022 3 720 M 3 847 M 3 847 M
Net income 2022 277 M 286 M 286 M
Net cash 2022 76,0 M 78,6 M 78,6 M
P/E ratio 2022 14,9x
Yield 2022 1,11%
Capitalization 4 085 M 4 224 M 4 224 M
EV / Sales 2022 1,08x
EV / Sales 2023 0,95x
Nbr of Employees 49 600
Free-Float 82,4%
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Technical analysis trends ALTEN
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 120,30 €
Average target price 153,32 €
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Simon Azoulay Chairman & Chief Executive Officer
Bruno Edgard Benoliel Chief Operating Officer
Marc Eisenberg Independent Director
Philippe Tribaudeau Lead Independent Director
Aliette Mardyks Independent Director
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