GFI POSITIONS ITSELF AMONG THE FOREMOST IT SERVICE COMPANIES BY SIGNING THE ACQUISITION OF IECISA, SUBSIDIARY OF EL CORTE INGLÉS

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The Gfi Group enters a new strategic phase with the integration of the Spanish Informática El Corte Inglés (IECISA) to create a major European technology leader and strengthen its positioning in the Iberian Peninsula and Latin America.

Gfi, after having received the approval of all relevant competition authorities, today announced the closing of a deal to acquire Informática El Corte Inglés (IECISA). This transaction with IECISA, a subsidiary of the retail giant El Corte Inglés, hails a new key stage in the global growth strategy that Gfi has been following for several years.

“The acquisition of this strategic asset, amidst the current health crisis, confirms the relevance and complementarity to our own business in terms of skills and expertise. It also demonstrates the confidence that we have in the future in a changing world where digital technology is expected to grow dramatically, and in the benefits that the rebound in the aftermath of the crisis will bring. I would like to welcome all of IECISA’s staff members to the Gfi Group. We are going to work together to get the operational integration process on track as soon as possible so that we can activate all our complementary synergies.”

Vincent Rouaix, CEO of Gfi Group

Following 10 years of organic growth and successive acquisitions, culminating in this transaction, Gfi has now attained a new dimension. The Group’s thus strengthens its position among the foremost IT service companies in Europe, Africa and Latin America, with a consolidated turnover of €2.3 billion for 2019 (pro forma), of which 60% will be generated abroad. With over 27,000 collaborators in 26 countries, Gfi continues to invest in growth markets and to confirm its strategic focus on expansion.

All the expertise, services and solutions that IECISA has developed will become part of Gfi’s aggregate portfolio and can be rolled out wherever the Group is present.

The acquisition of IECISA will expand the Group’s solutions and consulting offer by considerably strengthening its digital systems integration offer in sectors such as Retail, Transport, Government, Smart Cities, Insurance, Healthcare, etc.

IECISA also brings its multisector expertise in other key areas such as Industry 4.0, Cybersecurity, the Intelligent Workplace, and ERP (SAP), with the shared aim to advise and support companies in their digital transformation.

The new, integrated entity, which rounds off Gfi’s Boost2020 development programme, takes the group into a new dynamic phase, while maintaining its specificity as an industrial player that is determined to be close to its clients, in order to offer them the best of its expertise, and support them in their transformation through their innovations.