Adcore is now established in eleven countries and the acquisition in France and Belgium is a strategic break-in on the highly expansive French market and further strengthens Adcore's position as Europe's leading "Digital Business Creators" with 300 strategic consultants and nearly 1,600 employees in total.
Groupe G, based i Paris and in Brussels, has a client list of leading European and international companies and one of the highest billing ratios per consultant in the industry. Total sales in 1999 was over 6 million Euro, with expected total sales of over 8 million Euro for 2000. The growth rate for the last three years has been over 30 percent per year, and is expacted to grow even more in the years to come.
Göran Wågström, Adcore's CEO commented "Groupe G is a high class consulting practice with senior and internationally experienced management consultants. The company is profitable, fastgrowing and brings a number of interesting clients within the banking/finance/insurance area as well as the industrial services area. We are now 1,600 employees in eleven countries, and 300 of these are stategy consultants, which gives us a unique position on the market. Groupe G strengthens our presence in Europe and opens up the door to the very interesting French market."
Serge de Ganay, CEO and founder of Groupe G commented that "Adcore is the leading Digital Business Creators in Europe and I'm very excited about joining the Adcore group. We both have senior consultants with strong strategic competence in combination with an international profile, which makes the fit between our companies excellent."
Groupe G will be consolidated as of July 1. The integrationprocess will be initiated immediately.
Stockholm 3 July 2000
Adcore AB (publ)
http://www.groupe-g.com