On Tuesday, shareholders of French consulting firm Wavestone approved the proposed merger with Germany's Q-Perior, a marriage designed to change size and acquire an international dimension.

At the Annual General Meeting, 99.9% of shareholders present approved the acquisition of Q-Perior - which had been formalized last July - on the basis of an enterprise value of 330 million euros.

With more than 5,500 employees in 17 countries across Europe, the UK, North America and Asia, the newly-formed firm counts the likes of BMW, Crédit Agricole, Deutsche Bahn, EDF, L'Oréal, LVMH, SNCF, Société Générale and TotalEnergies among its major clients.

The new entity, which currently posts consolidated annual sales of 835 million euros, has set itself the target of achieving sales, excluding new acquisitions, of around one billion euros by 2025.

On the Paris Bourse, Wavestone shares climbed 7% on Tuesday in the wake of slightly better-than-expected half-year results and confirmation of its targets.

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