France's Audensiel enters Portugal with majority buy of consultancy LCG
What's the deal? French IT services group AudensielDealroom has a profile for this one. Try Dealroom → has acquired a majority stake in Portuguese consultancy LCGDealroom has a profile for this one. Try Dealroom →, marking its first entry into Portugal. Founded in 2009 and led by chief executive officer Pedro Rebelo, LCG and its roughly 250 employees will be integrated into the Boulogne-Billancourt-based multinational. The deal value was not disclosed.
What each side brings: LCG works in technology and management consulting, with clients including Vodafone, NosDealroom has a profile for this one. Try Dealroom →, AXA, AgeasDealroom has a profile for this one. Try Dealroom →, BrisaDealroom has a profile for this one. Try Dealroom →, the Portuguese Football Federation, and the Ministry of Health. Audensiel employs more than 3,500 people across France, Spain, Belgium, Switzerland, Canada, and Mexico.
The rationale: Audensiel wants to deepen its expertise in business and application consulting, data and analytics, application modernisation, cybersecurity, and cloud. The purchase also gives it a nearshore delivery base in Portugal.
What changes? Little, at least operationally. LCG will keep its founding and management team, including Rebelo and vice-president Tiago Romeiras.
Why now? The acquisition delivers Audensiel's internationalisation into Portugal, a step chief executive officer Nicolas Pacault called "a fundamental stage of our development" (translated from Portuguese). Backed by investment fund SagardDealroom has a profile for this one. Try Dealroom → and CapzaDealroom has a profile for this one. Try Dealroom →, the group expects revenue of €350 million in 2026.
What's next? Audensiel will keep "analysing opportunities" for further acquisitions, an official source said, but does not plan to expand into new countries in the short term.
The transaction was advised by TH Global CapitalDealroom has a profile for this one. Try Dealroom → on financial matters, law firms Gómez-Acebo & Pombo and Uría Menéndez on legal questions, and Eight Advisory Iberia on financial due diligence.
The signal: The deal reflects continued consolidation in European IT services, as mid-sized players buy specialist consultancies to broaden capabilities and add nearshore capacity closer to clients.
Read more: eco.sapo.pt
Image credit: Generated with Gemini
