France-based Spigraph Group, a value adding distributor specialising in document capture solutions in EMEA, has won capital investment by Tessi Group, which will join Spigraph’s investment partners as a minority shareholder.
Spigraph plans to execute on its strategy of international expansion and external growth, particularly through the recent acquisition of pan-European competitor DICOM. The Group has built an organization of 400 people and will be reporting turnover of approximately €120 million for 2014.
ISATIS Capital, Spigraph Group’s financial shareholder since March 2011 has historically supported the company’s vigorous expansion. The injection of capital from Tessi Group, a French leader in flow processing (€239 million turnover) will allow Spigraph Group to continue its commercial drive in a market demanding greater added value from its partners.
Spigraph welcomes the investment from Tessi, which brings a new balance to its shareholding, the main block of which is still held by Daniel Chautard, Chairman of Spigraph Group, and his management team. Tessi will bring numerous synergies linked to the document solutions market, it says. Spigraph’s objective over the coming years is to consolidate the very strong growth of recent times (turnover has increased 6-fold in just 4 years) and support development in high-potential and high-value markets.
Daniel Chautard, Chairman and founder of the group, explains: “We are aware that our very substantial development over recent years has been down to the great commitment of our employees and partners. Today, we are proud to have kept faith with all those who have shown faith in us by following us in our ambitious project. With the increased resources now available to us, we can look forward to a great future and a strengthening of our positions.” Indeed, Spigraph Group is targeting turnover in excess of €150 million by 2017.