Clearwater International has advised Reditus on the sale of ROFF, a leading Portuguese company focused in SAP consultancy services, to Gfi Informatique.
Established in 1996, ROFF is a leading Portuguese group offering SAP implementation and maintenance services, running projects in all technological areas of business support. With over 800 employees and offices in 10 countries, ROFF has a turnover around €60m, nearly 50% of which is generated from international projects.
Gfi Informatique is a French-based firm specialising in IT and communication services, predominantly in Europe. The group has approximately 12,000 employees and generated revenues of over €850m in 2015. With this acquisition Gfi will have more than 1,000 employees worldwide dedicated to SAP technologies and will surpass €200m turnover in Iberia.
The sale is part of Reditus strategic repositioning, allowing it to accelerate its ongoing restructuring plan.
The Clearwater International team was led by Partner José Lemos with support from Associate José Couto.
“We would like to congratulate Clearwater International for its outstanding performance, namely in the intricate closing phase of the operation.”
Hélder Matos Pereira, CFO, Reditus
“I would like to underline the distinguished and outstanding work of Clearwater throughout this M&A operation, that had the complexity of involving firms that operate in dozens of countries over 4 continents.”