Solucom and Lumens Consultants finalise their merger

Solucom and Lumens Consultants have finalised the merger announced 13 November 2013.

As per the terms and conditions of the agreement, Solucom acquired a 100% stake in Lumens Consultants, a consulting and management firm. The transaction is funded primarily with cash, and to a lesser extent with Solucom shares.

Lumens Consultants will be consolidated in Solucom's financial statements as of 1^st December 2013.

Lumens Consultants, a positioning oriented towards the agility of businesses

Established in 2009 Lumens Consultants is a consulting and management firm that supports its clients throughout their operational excellence challenges, with a value proposition aimed at developing business agility.

Lumens Consultants has thus developed first class know-how in terms of assisting transformation projects, as well as recognised expertise regarding the organisation and transformation of the human resources (HR) function.

After an initial phase of rapid development, Lumens Consultants has developed a clientele of large corporations, with strong prevalence in the banking sector, including with Crédit Agricole, Societe Generale and Banque Postale.

At the end of the financial year, ended on 31 March 2013, Solucom achieved consolidated turnover of EUR3.9m, and operating margin of more than 8%.

This merger is in line with the "Solucom 2015" strategy: to become a leading consulting firm in business transformation, able to support all the aspects of its clients' changes: business, organisational and technological.

Click here to read the press release published on 13 November 2013: Solucom and Lumens Consultants discuss merger to better address the transformation challenges of their clients

Upcoming date: publication of turnover for Q3 2013/14 on 22 January 2014.
(after stock market close).

About Solucom

Solucom is a management and IT consulting firm.

Solucom's customers are among the top 200 large companies and public bodies. For them, Solucom is capable of mobilizing and combining the skills of 1,200 staff members.

Our mission statement? To place innovation at the heart of business lines, target and steer transformations that are sources of added value, and turn the information system into an actual asset designed to serve corporate strategies.

Solucom is listed on NYSE Euronext Paris and has been granted the innovative company award from BPIFrance.

All our news on: www.solucom.fr