Equiteq sells Brazilian business process management consultancy to GFT Group
Equiteq, a consulting sector M&A specialist, is pleased to announce the sale of W.G Systems LTDA t/a Habber Tec Brazil to GFT Group. Equiteq acted as exclusive financial advisor to Habber Tec Brazil. The transaction completed on April 11, 2016.
Founded in 2000, Habber Tec Brazil is part of Habber Tec International Group and Brazil’s largest IBM partner for business process management (BPM). The company focuses on the implementation and on-going support of BPM, big data, analytics and mobile solutions with a substantial footprint in the financial services industry.
With the increasing demand for IBM BPM product implementation, this acquisition will enable GFT to add new capabilities to their service offering, create compelling new business opportunities and provide their clients access to a broader suite of complementary services. As a result of the transaction, GFT will continue its dynamic growth path and benefit first-hand from the new alliance by significantly increasing the size of its Brazilian revenue and consolidating its market position in Latin America.
“Habber Tec Brazil adds further expertise in BPM integration and mobile solutions, especially in the fields of credit and digital banking applications. With this acquisition, the GFT Group will strengthen its Brazilian client base by adding renowned banks and further insurance companies” says Ulrich Dietz, CEO of GFT Group.
Gabriela Silvestris, Director in Equiteq’s London office, commented, “It has been an absolute pleasure working with the shareholders of Habber Tec Brazil. Their strong market position is underpinned by their key competencies in BPM, analytics and mobile solutions which address some of the major challenges banks are facing in the context of digital transformation”.
Fernando Arencibia Darias, shareholder of Habber Tec Brazil and Habber Tec International Group said “This movement is very important for the Group's strategy in order to focus on our operations in Europe. We are very pleased with the outcome of the transaction and Equiteq’s support throughout. Gabriela’s professionalism and expertise was instrumental in structuring, negotiating and completing the deal”.
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