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
"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
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:
Corporate Finance and M&A Associate
IJW Management Inc.
T. 514 685 8047 EXT. 102