January 2016
Equiteq, the consulting sector M&A specialist, is pleased to announce that its client, a leading French Customer Experience Consultancy, Activeo has acquired a majority stakeholding in Kasturi and equity participation in Jusfeedback. Equiteq acted as exclusive financial adviser to Activeo in relation to both transactions, which were completed on 21 January 2016.
Both Singaporean based, Kasturi is a unified communications and video specialist, whilst Jusfeedback specialises in Customer Feedback Management based on an efficient hosted environment.
With the acquisition of Kasturi, Activeo consolidates its position and expertise on the Customer Collaboration market, providing businesses with the best innovative solutions to ensure a strong Customer and Employee Experience and workflow management.
Activeo’s equity participation within Jusfeedback, reinforces its skills and knowhow in the Customer and Employee Engagement within the Customer Analytics market.
Joseph Kort, CEO of Activeo, said of these acquisitions “A great step forward for Activeo. The combined skills of Kasturi, Jusfeedback and Activeo will provide a lot of added value and successful synergies for customers in Singapore. We can now enhance the Activeo group portfolio and value-creative expansion on both Customer Collaboration and Customer Experience markets”. Moses Wong, MD of Kasturi Technology, said of these acquisitions “Helps broaden and strengthen Kasturi in the field of ICT (Info-Communication Technology) to provide a wider scope of ICT and AV (Audio Visual) services to our combined customers. It is indeed an exciting development for Kasturi”. Ken Tan, MD of Jusfeedback, said of these acquisitions “We look forward to the synergistic collaboration with Activeo and Kasturi as a group to offer a wider suite of products and services to our customers in Singapore and the region. Exciting development for us ahead!” Jean-Louis Michelet, who led the deal team at Equiteq, said:“Activeo is a successful example of a company that manages to stay ahead of technology developments and growing customers’ expectations in a fast moving industry. Thanks to this strategic initiative in Singapore, Activeo is now in a position to provide local support to its international customers while bringing its know-how and expertise to a dynamic Asia-Pacific market. It has been a pleasure to work with Joseph and his team and we are looking forward to continue helping them in their growth expansion plan.” Speaking about Equiteq’s role in the transaction, Joseph Kort from Activeo added:" Equiteq has played a key role in helping us establish and effectively transform our growth strategy.” To see all of our deals, please click here. ©Equiteq 2016