Magellan has expanded its UK market presence through the acquisition of MeTS to accelerate digital transformation. In doing so, it has bolstered its consulting and technology capacities. What is more, the deal makes the company one of the leading companies in Europe involved in digital transformation.
Among other things, the acquisition comprises the Mobility and e-transactional Services division of Worldline as well as its digital banking business. Through the acquisition, the company combines its consulting skills and innovative technologies. Currently, it provides services along the whole value chain, covering strategy and implementation, and supporting its 24/7 operations.
“In 2008, when we founded Magellan, merging Consulting and Technology was a gamble. Today, it is becoming the market standard. Magellan is taking a decisive step forward to support organisations through the complexity of current changes, whether they are strategic, operational, societal, environmental, or technological. We are extremely proud to welcome the MeTS teams to the group to complete our model and offer our public and private clients complete mastery of the value chain, incorporating tailored and sovereign solutions.” Didier Zeitoun, Co-founder and CEO of the Magellan Group.
Strengthening UK Presence and Expanding Global Capabilities
Following the acquisition, the company targets €900 million in revenue by 2026. Besides, it adds another 13 nations to its geographical coverage. As such, the company now employs 6,700 specialists worldwide. Additionally, it aligns all its brands under a unified identity.
“With this new entity, Magellan has established the means to become a leading player in the public sector and hospitality in Europe, particularly in the UK and France. Our distinctiveness stems first and foremost from a deep understanding of the sectors, combined with our technological mastery and execution for rapid transformation, administrative simplification, improved user relations, digital sovereignty, and resilience against threats. Addressing major state challenges allows us to deliver the level of trust, continuity, and performance required.” Michel Hatiez, Co-founder and Managing Director of the Magellan Group.
By acquiring MeTS, the company significantly boosts its position in the UK. The contribution is based on MeTS’ excellent know-how in transport and mobility solutions. The firm serves millions of users from various industries, namely, public services, banking, and health care. Therefore, it makes the company one of the critical players in the UK rail industry. On the other hand, the company continues investing in artificial intelligence in its products. It integrates consultancy, platforming, and execution skills.
Caroline Jéséquel, Chief Executive Officer of MeTS and now Managing Director of the Magellan Group, says of the planning behind this acquisition: “The integration of MeTS’s activities into the Group propels Magellan to the forefront of organisational transformation, giving rise to an independent, multi-specialist player that is unique in Europe, thanks to its broad coverage spanning from Consulting to Operations. In the era of AI and digital sovereignty, public and private organisations need an independent, trusted European player now more than ever, linking Business and Tech, Vision and Execution. In the context of rapid and historic transformation, Magellan is fully capable of supporting our clients to meet unprecedented challenges, from strategic and technological consulting to platform integration, as well as the 24/7 implementation and operation of digital and sensitive solutions in highly secure and sovereign environments. The creation of our new group is a fantastic opportunity to bring even greater value to our clients and our employees.”
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News Source: Businesswire.com
