Transaction news Scalian

Scalian is a leading European consulting firm in digital transformation, project management and operational performance.

#Scalian

17 Apr '23

Cobepa has entered into exclusive discussions with Wendel with the intention to sell Scalian

Brussels/Paris, 17th April 2023 -- Cobepa and Wendel are in exclusive negotiations to sell Scalian at an enterprise value of €965m. Subject to the ongoing process and satisfaction of the conditions to closing, including obtaining regulatory clearances, the transaction is expected to be finalized in the second half of 2023.

Founded in 1989, Scalian is ranked among France's Top 10 engineering consulting firms and is also active on a global scale. It provides industrial project management services for issues pertaining to supply chain (costs, quality, deadlines, performance), the architecture and development of embedded digital systems and information system applications, big data and AI. Scalian also addresses project optimization and organizational performance issues, as well as providing digital transformation support for industry and service sector leaders.

The group is on track to reach c. €510 million in revenue, an adjusted EBITDA of c. €74 million as of June 2023 LTM, and will total c. 5,000 employees in nine countries at this date. Since 2015, the company has delivered average annual growth of around +30% of its revenues, including a noteworthy performance of +12% of organic growth, amplified by a selective external growth strategy, in France and internationally, with nine acquisitions completed among which seven were performed under Cobepa’s ownership. Scalian has implemented an ESG policy having resulted in several certifications (ISO 9100, 9001,14001, 27001). The company has obtained an EcoVadis silver medal and was ranked fifth in the Great-Place-to-Work ranking. The company has also further developed its ESG roadmap by setting targets for 2025.

Jean-Marie Laurent Josi, CEO at Cobepa and Charles-Henri Chaliac, Group Managing Director at Cobepa comment:

“Scalian is a fantastic business and it has been a privilege to work with management to drive growth and innovation. Through our active partnership we have seen this business achieve remarkable expansion and reach new heights. We are delighted for Scalian as it enters this new chapter.”

Yvan Chabanne, CEO of Scalian Group comments:

“As we prepare to embark on this new chapter with Wendel to pursue our strategic plan, we also extend our gratitude to Cobepa for the fruitful collaboration. Their active partnership and unwavering dedication to driving growth have been instrumental in our success to date. As we are excited by the prospect of continuing our growth, we also value the accomplishments we shared with Cobepa and extend our heartfelt thanks to their highly efficient and caring team."