SQLI acquired Star Republic in Sweden (2017)
For this transaction, Genesta has accompanied the SQLI Group, an ICT company, for its establishment in Northern Europe, with the acquisition of the Swedish company Star Republic. Genesta was involved in identifying opportunities in the Nordics as historical Advisor of SQLI Group, negotiations with Star Republic shareholders and management till closing of the deal.
SQLI decided to accelerate the internationalization of its activities with the takeover of Star Republic. Based in Goteborg and Stockholm, this company has 70 employees specializing in e-commerce, mobility and user-experience solutions, and operates in the same strategic sectors as SQLI (Retail, Bank, Food and Healthcare). Star Republic achieved in 2016 a turnover of more than € 7 million, with an EBITDA margin close to 13%.
SQLI Group is listed on the French market, Euronext Paris, and disclosed € 190 m in sales in 2016, with a workforce of 2,000 people.