Private equity firm Ardian has acquired a stake in Technology & Strategy, a European technology consulting firm.
Technology & Strategy (T&S) provides engineering, IT, digital and project management consulting in Europe, the United Kingdom and Southeast Asia. It is headquartered in Strasbourg and has 16 offices across six countries, employing 1,200 people. It operates primarily in the automobile, healthcare, finance and luxury sectors.
T&S has experienced organic growth of 46% per year since it was founded in 2008 and has completed several acquisitions.
Following the completion of the transaction, a number of T&S managers will invest in the company.
Jérémie Huss, Co-founder and CEO of T&S, said: “We are proud of the progress we have made with Dzeta and are now entering a new phase of our development. This strategic partnership with Ardian will allow us to target new geographies to carry out external growth."
François Jerphagnon, Head of Ardian Expansion, added: “We are truly impressed with T&S’s strong track record since its inception in 2008. This acquisition is in line with Ardian Expansion’s strategy of partnering with ambitious companies seeking to expand outside their domestic market. This stands to be a promising partnership which will not only accelerate the Group’s growth, but also strengthen the management's stake in T&S.”