RSM, the 6th largest global network of advisory and audit services, conducted the buy-side financial, tax, social, and legal due diligence for Astek, a global player in engineering and technology consulting, during the acquisition of Sotec Consulting, a Spanish engineering and financial transformation consulting company

RSM supported Astek in this external growth transaction with a dedicated Franco-Spanish team led by Éric Fougedoire

With the acquisitions of Elysis (France) in 2024, Business and Engineering Solution (B.E.S, Belgique) in 2023, Conmore (Suède) in 2022 and Immune-IT (Pays-Bas) in 2021, this is the fifth closed transaction entrusted by Astek to RSM France.

Through this transaction, the Corporate Finance division demonstrates its ability to support international players in their end-to-end transactions in the European market.

Official press release from Astek

Astek announces the acquisition of Sotec Consulting, a Spanish engineering and financial transformation consulting company. This transaction strengthens Astek's position in Spain, where Astek has been established since 2015.

Sotec Consulting is an IT consulting company with over 20 years of experience, specializing in information technologies, strategic management, and digital transformation. Committed to innovation, the company offers project management services across key industry sectors. Sotec Consulting distinguishes itself through its talent- and technology-driven approach, aiming to address its clients' challenges. Through recognized practices and methodologies such as ITIL, CMMi, and AGILE, Sotec Consulting ensures the success of its projects.

This partnership enables Astek to strengthen its position while expanding its client base, thus creating a leading player in supporting the digital transformation of businesses in the Spanish market.

Julien Gavaldon, CEO of Sotec Consulting, commented: 

The acquisition of Sotec Consulting represents a new strategic step in our growth plan in Europe, aimed at reaching a critical size of 1,000 people in various geographic areas, particularly in the Iberian Peninsula. The addition of specialized expertise in the Banking and Finance sectors will also allow us to develop synergies with France and other European countries. We are excited to integrate the talents of Sotec Consulting and continue our dynamic of innovation and excellence together."

Luis Calero, CEO of Sotec Consulting, commented :

"We are delighted to join the Astek Group, an accelerator of growth for our company. Astek is a major player in digital transformation worldwide, and its expertise, resources, and culture are undeniable assets for continuing to offer innovative and high-quality solutions to all our clients."

Astek continues its strategy of targeted acquisitions, complementing its double-digit organic growth. This new transaction confirms Astek’s commitment to developing strong synergies within its Group to provide increasingly innovative solutions to its clients.

 

The RSM team

The RSM team involved was composed of:

  • Financial, tax, social, and legal due diligence: Eric Fougedoire, Guy Richard Wallis, David Jiménez, Ignacio Hidalgo, Victor Schrijner