Easyvista, a software company operating in Portugal, has completed the acquisition of 90% of OTRS, a German IT service management (ITSM) provider listed on the Frankfurt stock exchange. The transaction, finalized on Friday, aims to drive Easyvista’s annual revenue past €70 million by year-end.
While the acquisition amount was not disclosed, Easyvista plans to secure the remaining shares through a voluntary takeover bid, delisting OTRS, and implementing a squeeze-out procedure for minority shareholders.
OTRS, with over €12 million in revenue last year, operates in 56 countries, with Germany accounting for 55% of its earnings. Notable clients include Airbus and Porsche.
Easyvista CEO Patrice Barbedette emphasized the swift completion of the deal, reflecting alignment between the two companies. He stated that the acquisition accelerates Easyvista’s global growth, enhances its IT services and security platforms, and strengthens its position as a leading player in the sector.
OTRS CEO André Mindermann echoed the sentiment, calling the partnership a step toward creating Europe’s leading IT solutions platform to address critical IT needs.
Since private equity firm Eurazeo became Easyvista’s majority shareholder, the company has tripled recurring revenue and expanded its platform, serving clients such as Galp, Goldman Sachs, Aéroports de Paris, and Vinci.
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