EasyVista has announced the successful acquisition of a majority stake in OTRS Group, a leading ITSM provider based in Germany and listed on the Frankfurt Stock Exchange. With this acquisition, the Eurazeo-backed company is on track to exceed €70 million in sales by the end of the year, half of which will be generated outside France.
The company has completed and closed the acquisition of a total of more than 90% of the shares of OTRS. The company plans to acquire the remaining shares of OTRS through a voluntary tender offer combined with a delisting, as well as to carry out a forced sale procedure.
“We are delighted to welcome OTRS to the EasyVista family and are proud to have successfully completed this acquisition in a short period of time, a testament to the shared vision and confidence of OTRS shareholders in EasyVista’s ambitions. This acquisition not only accelerates our international growth, but also strengthens our IT and cybersecurity services offering, further consolidating our position as a leading global player,” comments Patrice Barbedette, CEO of EasyVista.
EasyVista and OTRS Group
With the acquisition of OTRS, EasyVista will be able to accelerate its expansion in the European market to establish itself in Germany. OTRS, a leading provider of IT service management and security incident management solutions listed on the Frankfurt Stock Exchange, generated revenues of more than €12 million in 2023 in 56 countries, 55% of them in Germany. OTRS serves more than 850 customers worldwide, including Airbus and Porsche, and has also developed a range of services tailored to small and medium-sized businesses.
EasyVista successfully concludes the acquisition of a majority stake in OTRS Group, reinforcing its desire to become a global leader in IT solutions
Since Eurazeo became a majority shareholder, EasyVista has tripled its recurring revenue and significantly strengthened its IT services technology platform, which now includes a full suite of IT service management, remote support, IT monitoring and self-healing technologies. . EasyVista’s clients include leading companies, such as the American Red Cross, US Foods and Goldman Sachs in the USA, Aéroports de Paris and Vinci in France, Unicaja in Spain and Galp in Portugal, demonstrating its ambition to perform a leading role in the global IT solutions market.
André Mindermann, Co-Founder and CEO of OTRS Group, states: “I am very pleased that OTRS is joining forces with EasyVista to create a leading IT solutions platform in Europe. We look forward to working together to meet the most critical IT needs of organizations around the world.
