Transport systems firm snapped up by European tech leader
Malvern-based transport systems expert, Graffica, has been acquired by technology solutions business, Sopra Steria in a deal advised on Harrison Clark Rickerbys.
Graffica is a specialist provider of simulation products, software systems and consultancy services and the acquisition will see it form part of the Sopra Steria UK family. Sopra Steria is a European tech leader recognised for its consultancy and digital services and software development.
Cheltenham-based corporate partner, Rachael Reeves led on the deal for Graffica, and said: “It was a pleasure to support the team at Graffica on this transition – they have very clear synergy with Sopra Steria, sharing many common values, and the collaboration offers up beneficial growth prospects for both companies. Graffica is very highly regarded, and it was very important to everyone involved that it maintained that integrity throughout the process and after completion. This is a very exciting collaboration with an even brighter future.”
Mike Ballone, director at Graffica, added: “Rachael and her team provided us with fantastic support from the start of the due diligence process, right up to completion. Their understanding of the sector was excellent, and their attentiveness, guidance and support were first class and really helped us get the deal over the line. We are very excited about what the future holds for us.”