Seresco Group Invests 2.5 Million Euros in Portugal with Acquisition of F5IT

The Spanish multinational Seresco Bunch has extended its nearness in Portugal by obtaining 75% of the Portuguese innovation consultancy F5IT for 2.5 million euros. F5IT, established in 2006, specializes in customizing and executing the Sage X3 trade administration arrangement. As a Platinum Accomplice of Sage X3 – Tech Accomplice Also, F5IT includes a portfolio of over 120 clients and closed 2024 with a turnover of 2.9 million euros.

This procurement is portion of Seresco's broader extension methodology, underscoring the vital significance of the Portuguese advertise. The bunch as of now works through its backups Seresco Atlântico and Elo – Sistemas de Informação, the last mentioned of which was obtained in 2023. The integration of F5IT reinforces Seresco's ability in administration arrangements and grows its benefit offerings, expanding its group to 87 experts over Lisbon and Porto.

Established in 1969 as a family trade, Seresco has developed into a freely recorded company. With a turnover of 53.6 million euros in 2024, speaking to a 7.2% increment from the past year, Seresco gives administrations in finance organization, advanced change for SMEs, foundation, data security, program improvement, and rural development. Almost half of Seresco's turnover comes from the open segment, with the leftover portion fundamentally from huge companies.

The Portuguese backup, Seresco Atlântico, has been operational since 2015, advertising comprehensive finance and human assets arrangements. With the F5IT securing, Seresco points to extend its turnover to 68 million euros and accomplish an balanced EBITDA of over 10.5 million euros. The company is centered on serving medium and huge multinational clients, especially those with complex compliance and innovation needs.

Looking ahead, Seresco plans to dispatch a compensation benchmarking consider with Portuguese information in organization with Ceinsa (Compensation Inquire about Center). The gather proceeds to prioritize quality benefit and long-term connections with clients.