ALTEN Canada Acquires CONSULTEM

MONTREAL, Feb. 25, 2014 /CNW Telbec/ - ALTEN Canada, a subsidiary of the ALTEN Group (ATE:FP), today announced that it has acquired the assets of CONSULTEM, an IT consulting firm based in Montreal, Quebec, Canada. This transaction will enable the ALTEN Group to strengthen its presence in the Quebec market, which it recently entered in 2013 through its subsidiary, ALTEN Canada. IJW Management Inc. acted as the exclusive M&A adviser to CONSULTEM and Blue HF was the legal adviser. BCF acted as legal adviser to ALTEN Canada.

CONSULTEM (www.consultem.com) provides IT consulting services such as project management and business intelligence to medium, large, and multinational corporations. The Company provides its expertise in managing IT projects and has a proven track record of successfully delivering quality services and personnel.

"We are very excited to now be part of ALTEN Canada", said Karol Brassard, a serial technology entrepreneur and the controlling shareholder of CONSULTEM. "Alten's more complete service offering will better serve the needs of our corporate clients". This is one of Brassard's several exits, as he was previously a co-founder and shareholder of Nexxlink Technologies, a major IT solution firm, which was acquired by Bell in 2005.

"The acquisition of CONSULTEM is a fantastic opportunity to strengthen our global offering and positioning in Quebec. We are excited to welcome a tremendous team with a great reputation into the ALTEN family. The combination of our talents will bring new perspectives to our clients", said Maxime Leca, Vice President, Operations for ALTEN Canada.

About ALTEN Group. (www.alten.fr)

The ALTEN Group is a leading European technology consulting and engineering (TCE) firm with approximately 15,700 employees in 15 countries. Based out of France, the Alten Group provides technology consulting and engineering services, as well as IT and network services. The Company's main clients are in the aviation, aerospace, defense, electronic, transport, telecommunication, process, and services industries. The company has operations throughout Europe, North America, India, China, and in the MENA region.

About IJW Management Inc. (www.ijw.ca)

IJW Management Inc. is a Canadian based corporate finance boutique, providing strategic advice on mergers and acquisitions, corporate finance, and business valuation to mid-market companies. Founded in 2004, IJW has since become one of the fastest growing corporate finance boutiques headquartered in Montreal, Canada.

SOURCE: IJW Management Inc.

For further information:

Andrew Abrokwa-Ampadu
Corporate Finance and M&A Associate
IJW Management Inc.
aampadu@ijw.ca
T. 514 685 8047 EXT. 102

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