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 271 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.



   Partners









About Econostrum.info Econostrum.info is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin. Subscribe to Econostrum.info To be the first to know, with unlimited access to all articles. To receive the weekly newsletters and special newsletters sent as soon as our files are published. Automatically renewable subscription, but the reader keeps control of it or yearly subscription. For individuals or professionals...