Archos Technology has been acquired by Gfi Informatique

Capital Consulting has sold Archos Technology to Gfi Informatique.

Archos Technology is an IT services firm based in Morocco.The company's value proposition covers the development and integration as well as the management and hosting of IT systems. The firm employs 50 professionals and had experienced strong growth rates over the past five years by working with major Moroccan and African groups.

Gfi Informatique is a leading European digital and IT service company. Since 2011, the group has experienced exceptional growth, double than that of the market, driven by numerous acquisitions as well as organic growth. The company achieved revenues of circa US$1.6 billion in 2018 and employs 19,000 professionals in 21 countries. It has developed a full range of high added value IT services and digital solutions, including smart-cities, factory 4.0, omnicommerce, digital banking and cybersecurity.

Vincent Rouaix, CEO of Gfi Informatique, said : "This acquisition consolidates our position as a partner of choice in Morocco and more broadly on the African Francophone region. We are now in a position to deploy our unique value proposition, from consulting to implementation of solutions enabling our clients to differentiate themselves by placing the digital agenda at the heart of their strategy."

Capital Consulting is a leading management consulting firm based in Morocco and covering the African Francophone region. The firm has registered strong growth rates during the last 20 years and has become the partner of choice of major Moroccan and African organizations in the banking, insurance, industry and government sectors. Capital Consulting employs 50 consultants and has accomplished over 500 transactions in 15 African countries.

Oaklins' teams in Morocco and France acted as sell-side advisors in this transaction.