Astek, a titan in the realm of technology consulting, has declared a significant bolstering of its financial prowess. This strategic enhancement is aimed at propelling the company’s ambitious growth trajectory and its proactive strategy of judicious acquisitions.

In a display of confidence and commitment, ICG, a stalwart investor known for its long-term strategic partnerships, has stepped forward with a substantial injection of 110 million euros into Astek’s coffers. This infusion of funds is a testament to ICG’s belief in Astek’s potential and strategic direction.

Simultaneously, Astek has masterfully secured a colossal bond financing deal that could soar up to 450 million euros. This financial feat unites the prowess of H.I.G. CAPITAL, a steadfast financial ally since 2021, with the acumen of APOLLO CAPITAL MANAGEMENT and PARTNERS GROUP, creating a formidable financial foundation for Astek’s future endeavors.

A Visionary Leap Forward

Astek’s financial fortification is not merely a monetary milestone; it is the bedrock of an audacious vision that seeks to navigate and conquer the challenges of technological transformation. With a keen focus on innovation, Astek leverages its deep-seated expertise in cutting-edge domains such as AI, cloud computing, cybersecurity, and sustainable development.

The company’s recent history is a chronicle of vigorous activity, escalating profitability, and an expanding global footprint. The year 2023 was particularly notable, with Astek witnessing a turnover surge exceeding 20%, a clear indicator of its dynamic organic growth and successful integration of new expertise through strategic acquisitions.

Strategic Alliances for a Technological Vanguard

Astek’s journey is further bolstered by the renewal of faith from H.I.G. CAPITAL and the additional backing of global financing leaders PARTNERS GROUP and APOLLO CAPITAL MANAGEMENT. The entrance of ICG as a strategic partner is poised to amplify Astek’s acquisition and innovation drives, aligning with a shared ethos of long-term value creation.

Charting a Course for Unprecedented Growth

Looking ahead to 2024, Astek is poised for a period of vigorous organic growth, with projections exceeding 40% in certain subsidiaries. This growth is complemented by a robust pipeline and targeted external growth operations. Astek is also on track to significantly expand its workforce, aiming to surpass the 10,000-employee mark before the year’s end, a reflection of its robust operational performance.

Having surpassed its 2024 ambitions well ahead of schedule, Astek now sets its sights on 2027 with new milestones:

• Doubling its turnover to reach the 1 billion euro mark, fueled by an average organic growth rate close to 15% per year and continued strategic acquisitions.
• Aiming for increased profitability with an EBITDA margin target in the mid-teens.
• Expanding its global workforce to 14,000, cementing its status as a preeminent technology partner.

Astek’s strategic financial maneuvers and visionary leadership herald a new chapter of growth and enhanced profitability, positioning the company at the forefront of the technology consulting industry.

“This major step that consolidates our journey towards our financial objectives is a recognition of our strategic positioning in sectors with high potential. With the reinforced support of our financial partners and a clearly defined growth trajectory, we are more ready than ever to continue seizing strategic opportunities and pursuing our global expansion,” declares Jean-Luc Bernard, Founder and Chairman of the Supervisory Board of Astek.

“The entry of ICG as a long-term partner, as well as the expansion of our credit line, strengthens our strategic positioning and validates the growth trajectory we have initiated. This mark of confidence, following the initial support of H.I.G., underscores the solidity of our fundamentals and our ability to deploy our ambitious vision. We are determined to maintain our growth momentum and remain the partner of choice in the digitalization of our clients. The commitment and expertise of our teams are the driving force of our development, and I would like to thank them again,” adds Julien Gavaldon, President of the Executive Board of Astek.

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