Izertis S A : acquires engineering and Phygital Development company Techsociety
February 28, 2023 at 02:21 pm EST
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Posted on 28 of February of 2023 .
Izertis acquires engineering and Phygital Development company Techsociety
Technology consulting firm Izertis has signed on Monday the acquisition of engineering company Techsociety. With this addition, the company listed on the BME Growth expands its production capacity in multi-sectoral engineering practices, design, development, and manufacturing of consumer electronics products, IoT (Internet of Things), and digital products.
This is the first company to join Izertis in 2023, responding to the growth plan envisioned by the Asturian multinational. This operation opens up new lines of business and strengthens others in the engineering services portfolio, including industrial design, mechanical and hardware development, operating systems, and incorporates new reference clients in specialty sectors such as medical, agricultural, infrastructure, or telecommunications, among others.
Positioning us as a very relevant player in the technology engineering segment
This addition, which takes place in the first weeks of the year, according to the president of Izertis, Pablo Martin, "will allow us to strengthen lines of activity with growing demand in the market, positioning us as a very relevant player in the technology engineering segment".
Techsociety will bring 30 employees to the project and a business figure of 2.49 million euros in 2022. The company specializes in end-to-end services, ranging from product conceptualization to final implementation and commercial launch.
The union of Techsociety
After the announcement of this union, Javier Macías, CEO of Techsociety, has highlighted that "with this integration, we can improve the solidity and strength of both teams, increasing the capacity to respond to customer needs, facing new challenges with solvency, and focusing on larger national and international projects".
This year is the final year of Izertis' 2020-2023 strategic plan, which aims to reach 125 million euros in business figures in 2023. In addition, Izertis has been one of the Spanish companies included in the last two Financial Times rankings, placing it among the 1000 companies that grow the fastest organically among the 36 European countries. Since its initial public offering three years ago, its shares have increased in value by more than 370%.
Izertis SA published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2023 19:20:08 UTC.
Izertis SA is a Spain-based technology digital transformation company. It operates thorough seven segments: Digital Transformation (DXI), Digital Experience (DEX), Smart Software Labs, Business Solutions, Business Operations, Cybersecurity, Technological Infrastructure and Managed Services and Business Consulting, Project & Service Management. DXI specializes in blockchain, artificial intelligence, data science, Internet of things (IoT), computer vision or mixed reality. DEX specializes in creativity, user experience design, marketing and online sales. Smart Software Labs offers customizable software. Business Solutions offers technical consulting services. Business Operations provides outsourcing services. Cybersecurity, Technological Infrastructure and Managed Services covers related consulting and support services. Business Consulting, Project & Service Management offers related consulting services.