December 15th, 2014 | Press
Spigraph boosts equity with investment from Tessi Group
Saint-Quentin-Fallavier, France, December 15, 2014 – Spigraph Group, the number one value added distributor (VAD) of document capture solutions in EMEA (Europe, Middle East and Africa), is pleased to announce a capital investment by Tessi Group, which will join Spigraph’s investment partners as a minority shareholder. Maintaining its number one market position, Spigraph continues to successfully execute on its strategy of international expansion and external growth, particularly through the recent acquisition of pan-European competitor DICOM. The Group has built a solid organization of 400 people and will be reporting turnover of approximately €120 million for 2014.
ISATIS Capital, Spigraph Group’s financial shareholder since March 2011 and specialist in the accompaniment of innovative growth SMEs, has historically supported the company’s vigorous expansion. This year, Spigraph achieved a major step in the development of an international group with the integration of DICOM in early 2014. The injection of capital from Tessi Group, a French leader in flow processing (€239 million turnover) will allow Spigraph Group to continue its aggressive commercial drive in a market demanding greater added value from its partners.
Spigraph welcomes the investment from Tessi, which brings a new balance to its shareholding, the main block of which is still held by Daniel Chautard, Chairman of Spigraph Group, and his management team. As a complement to Isatis, Tessi will bring numerous synergies linked to the document solutions market. Spigraph’s objective over the coming years is to consolidate the very strong growth of recent times (turnover has increased 6-fold in just 4 years) and sup- port development in high-potential and high-value markets. The group will continue to create value across its ecosystem by capitalising on its very strong industry relationships.
Daniel CHAUTARD, Chairman and founder of the group, explains: “We are aware that our very substantial development over recent years has been down to the great commitment of our employees and partners. Today, we are proud to have kept faith with all those who have shown faith in us by following us in our ambitious project. With the increased resources now available to us, we can look forward to a great future and a strengthening of our positions.” Indeed, Spigraph Group is targeting turnover in excess of €150 million by 2017.
