Econostrum | Economic News in the Mediterranean

Cegid strengthens its position in Spain with the acquisition of Grupo Primavera

Written by Gérard Tur on Tuesday, September 6th 2022 à 16:40 | Read 353 times

Specialized in Internet management solutions, the Lyon-based group becomes leader in Spain with the acquisition of Grupo Primavera.

Cegid continues its international development (Photo Vanilla Dragger. CC BY-SA 4.0)
Cegid continues its international development (Photo Vanilla Dragger. CC BY-SA 4.0)
FRANCE / SPAIN. In a press release published on September 5, 2022, Cegid announced "the acquisition of Grupo Primavera, one of the leading business management software platforms in the Iberian Peninsula. The new entity creates an Iberian champion and allows Cegid to accelerate its international development. As of today, Grupo Primavera becomes Grupo Primavera A Cegid Company. This acquisition follows that of Meta4 in 2019, also in Spain.

Based in Lyon, Cegid, offers professionals in finance, human resources, accounting, and entrepreneurship, solutions to manage remotely and on the net a whole series of businesses: billing, payroll, taxation ... The group's 3,600 employees generated a turnover of €632 million in 2021. In the Mediterranean, Cegid is present in France, Italy, Morocco and Spain.
"Grupo Primavera A Cegid Company" employs in the Iberian Peninsula "more than 1,300 employees (800 from Grupo Primavera and 500 from Cegid), for a pro forma revenue that should reach 150 M€ this year" says the release.


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