DEVOTEAM (EPA:DVT) Devoteam acquires Jayway, a leading Creative Technology company in Scandinavia
Transparency directive : regulatory news
25/09/2018 08:20
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Press Release
Devoteam acquires Jayway, a leading Creative Technology company in
Scandinavia
This acquisition allows Devoteam to offer innovative solutions to large
international groups via a unique combination of design, high technological
expertise and agility.
Paris, September 25th, 2018
Devoteam, a pure player in digital transformation of large organisations in
EMEA, today announced the acquisition of 75% of Jayway.
Jayway creates ground-breaking new value propositions and improves business
efficiency of large international accounts across various sectors (Retail,
Electronic Consumer Goods, Automotive, Industry, Finance) by integrating the
creative and transformational capabilities of a digital design agency with
strong software engineering capabilities. Jayway's multidisciplinary, fully
agile approach provides the fast moving, flexible and rapid response needed to
bring to scale new disruptive technologies (Artificial Intelligence, Internet
of Things, Augmented & Virtual Reality...).
Jayway, headquartered in Malmö, Sweden, with offices across Sweden and
Denmark, employs 240 people and achieved revenues of EUR19 million in 2017. The
acquisition is subject to customary closing conditions. It should be
consolidated as of October 1st, 2018 and should contribute around EUR5 million
to the Group revenues this year on a high single digit operating margin rate
level. This brings Devoteam 2018 revenue guidance to EUR645 million, with no
significant impact on the Group percentage of operating margin.
For Stanislas de Bentzmann, Devoteam co-founder & CEO, "the acquisition of
Jayway contributes to building a global creative technology community with 600
experts helping our large client accounts to innovate and transform. This
dynamic, which was initiated by Devoteam France (Axance) and has grown ever
since, gives us the very unique ability to spot emerging digital trends,
explore promising new technopowered usages and engage in more ambitious and
long term products and service developments.
For Philip Kron, Jayway CEO, "we are excited to join an international group,
accelerating our growth and opening up new opportunities for our employees.
Bridging our forces with Devoteam's entities, especially in Scandinavia, will
allow us to offer decision makers a combined approach of defining and
delivering business transformation trajectories that integrates the highest
creative and technological standards".
About Devoteam
At Devoteam, we deliver innovative technology consulting for business.
As a pure player for Digital Transformation of leading organisations across
EMEA, our 6,700+ professionals are dedicated to ensuring our clients win their
digital battles. With a unique transformation DNA, we connect business and
technology.
Present in 18 countries in Europe and the Middle East, and drawing on more than
20 years of experience, we shape Technology for People, so it creates value for
our clients, for our partners and for our employees.
Devoteam targets revenues of EUR645 million in 2018.
At Devoteam, we are Digital Transformakers.
ISIN: FR 0000073793, Reuters: DVTM.PA, Bloomberg: DEVO FP
Press Contacts
Devoteam
Anne Reid
anne.reid@devoteam.com
+33 6 72 84 20 68
Le Public Système PR
Célina Da Silva
cdasilva@lepublicsysteme.fr
+33 1 41 34 23 83
Raphaël Soudan
rsoudan@lepublicsysteme.fr
+33 1 58 65 00 73
www.devoteam.com