Econocom - 2020 annual report

02 group overview

principal investments

Principal investments 7. In addition to developing new products and software tools, and recruiting new sales staff and engineers, Econocom group carries out external growth transactions in order to acquire specific skills, accelerate its growth and increase itsprofitability. The Group’s main investments over the last three years are described below. In 2018 7.1.

Insurance sector. The Company reported revenue of €44 million in2017. In October 2018, the Group acquired, through Helis SAS, all of the shares of Upstream and its subsidiary Simstream, a specialist in engineering and integration services related to audio and video streaming. Upstream reported revenue of €4.5 million in 2017. In October 2018, the Group acquired 100% of Osones through Alter Way. Osones is a specialist in private cloud solutions, infrastructure as a service, and container orchestration systems. The Company Aciernet: via its 90%-owned subsidiary Exaprobe, the Group signed an agreement with the minority shareholders in July 2018 providing for purchase of the remaining equity interest at a fixed price. The interest rate thus went to 100% at the level of Exaprobe, i.e. 90% at the level of Econocom. ASP Serveur: the Group acquired the minority interest (20%) in October 2018, thereby increasing its interest to 100%. Econocom Brazil: in the fourth quarter of 2018, Econocom acquired the outstanding shares from the minority shareholder ( i.e. 7.15% of the share capital) thus increasing its stake to 100%. Caverin: Econocom group SE acquired all the non-controlling interests (33.34% of the share capital). posted revenue of€1.5 million in 2017. OTHER INTERESTS ACQUIRED AND INVESTMENTS

The deals carried out in 2018 are as follows: acquisitions in “Digital Services and • Solutions” During the first quarter of 2018, the Group acquired two companies to reinforce its know-how in digital transformation and continue its strategy to develop in value added services. The Group acquired a 60% stake in Spanish company Altabox, a specialist in digital marketing services, in order to enrich the customer experience at points of sale. The Company’s innovative offering includes the design and deployment of digital signage, sensory and auditory marketing, and traffic and data analytics. This acquisition offers numerous opportunities for synergies with the Group’s other skills in the Retail sector, particularly those of the Caverin, Gigigo, Rayonnance, or Jade Solutions Satellites. With a strong portfolio of Spanish customers, the Company achieved a turnover of €9 million in 2017. Furthermore, Econocom acquired 100% of BDF, an Italian company specialising in managed services in the Banking &

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2020 annual report

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