AVM UP
Opérateur & Cloud
Description
- Paris, August 30, 2023
- SPIE, Europe's leading independent provider of multi-technical services in the energy and communications sectors, has completed the acquisition of 100% of the shares of AVM Up, the telecoms operator and publisher of Cloud Services and a UCAAS (Unified Communications As A Service) solution for businesses. TwinL Banque d'Affaires acted as exclusive advisor to AVM UP's shareholders in this transaction. Florent Garel, founder and CEO of AVM Up, commented: "Our expertise has enabled us to become a key player in the field of UCAAS solutions in France. We are delighted to be joining the SPIE Group and are convinced that the combined expertise of SPIE ICS and AVM Up will enable us to accelerate our development in France." AVM UP, founded in Lyon in 1983, generates sales of over €22 million and serves thousands of customers throughout France.
- Xavier Daubignard, Managing Director of SPIE ICS, said, "Through this acquisition, SPIE will strengthen its expertise in enterprise communications by offering complementary cloud services and value-added solutions to all its customers across France. We look forward to working with AVM Up's 50 skilled employees as we prepare for the future." TwinL Banque d'Affaires was tasked with approaching potential buyers from telecom operators and communications solution providers throughout Europe, to enable AVM Up's CEO and shareholder to choose from a range of different transfer projects, sometimes involving investment funds. As AVM Up is based in Lyon, TwinL's Rhône-Alpes agency, with Sevim Cesim, was in charge of the operation.
- Florent Garel comments on TwinL's work: "I chose Twinl because they took the time to understand our highly technical positioning as a publisher and operator of UCAAS solutions. While respecting Avm Up's values, and ensuring confidentiality, Twinl was able to enhance our positioning and propose a selection of potential buyers. Their 15 years of experience were an asset in bringing this transaction to a successful conclusion. I am delighted to have chosen the Spie Group, which has great ambitions to integrate Avm Up's know-how, teams and technologies. For Frank Loubaresse, President of TwinL, "our customer made the right choice, which is never an easy decision for an entrepreneur after more than 15 years at the helm of his company; during the 12 months that this mission lasted, our entire team mobilized, and this success is a great source of pride for us all!"
Westpole Benelux Council
- M&A: TwinL Banque d'Affaires (Sevim CESIM, Laurent LOUBARESSE, Frank LOUBARESSE)
- Lawyer : Cabinet d'avocats Laurent Grandpré (Me Bastien LAURENT GRANDPRE, Estelle FAYOLLE CAMBRAY)
- Acquirer due diligence : Advance Capital (Thomas BETTAN, Sébastien RIBEIRO)
- Buyer's legal affairs : SVZ (Antoine Hai, Alexis Orlando et François Peltre)