Micropole SA in the Crosshairs of Multiple Acquirers
Micropole SA, a listed company on Euronext Growth with a market capitalization of €88 million, has attracted the attention of several potential acquirers. Following the acquisition offer submitted by Miramar Holding SAS on March 25, 2024, several industrial and financial investors have engaged in discussions with the company, demonstrating a genuine interest in acquiring it.
Micropole is an international consulting group specializing in business transformation through data. The company accompanies its clients through a comprehensive approach: "Data Driven" strategy, Cloud Acceleration, and Digital Business. With 14 agencies in Europe and China, Micropole's 1,300 employees provide consulting expertise to help clients stay ahead and achieve positive business impact through data innovation. The company generates 40% of its revenue internationally.
After these discussions, Micropole has decided to retain the offer from Talan Holding, which is more attractive in terms of price per share (€3.12) and industrial project. This valuation allows shareholders to benefit from a premium of 108% compared to Miramar's offer, 200% compared to Micropole's closing share price on March 22, 2024, and 188.9% compared to the average weighted price over three months. Talan has obtained the necessary agreements for equity and financing to fully fund the offer.
In this context, Micropole concluded a strategic agreement with Talan Holding on May 29, 2024, under which Talan has irrevocably committed to submitting a voluntary public tender offer for all Micropole shares, followed by a mandatory withdrawal if the conditions are met.
Mehdi Houas, President of Talan Holding, stated: "We are thrilled about the strategic agreement with Micropole, which represents a solid and exciting industrial project for us, allowing Talan to consolidate its position as a global leader in organizational transformation through technology, data, and innovation.
Talan and Micropole share a culture of excellence, agility, and an entrepreneurial spirit, which will make this project a collective success, offering new opportunities and challenges to all group employees and enhancing our client support capabilities."
Micropole's presence in the luxury and industrial services sectors will complement Talan's presence in the transportation, energy, utilities, and public sectors. The new entity aims to achieve a revenue of €780 million in 2024, including over €250 million related to data expertise, with more than 6,200 employees across 18 countries. Micropole's expertise, reputation, geographic footprint, and high-value-added data positioning will also strengthen Talan's recognition among global leaders in organizational transformation through technology, data, and innovation.
This new data expertise platform will accelerate the organic growth of the new entity, enabling it to reach a revenue of €2.5 billion by 2030, including through external growth operations.
Good luck to Mehdi Houas, one of our national pride, in this expansion.
