Performed strategic review of non-core assets
Customer
Devoteam is a leading pan-European player in technology consulting services focused on digital strategy, platform technologies, cybersecurity and business transformation.
Devoteam’s revenue exceeded € 1 billion in FY 2022 thanks to 8,500+ employees in 18 countries.
Challenges
The review of portfolio assets led to open question marks on non-core assets located outside Europe.
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Evaluate strategic options including M&A
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Assess business growth potential in adjacent markets
Face a change in local HR regulation
Achievements
Odyssey provided Devoteam with support on cross-border M&A transactions through the delivery of end-to-end services, from strategic design to seamless execution.
We also identified key strategic issues and proposed a mitigation plan that was adopted by group CFO on a specific scope.