Houlihan Lokey Advises CONVOTIS Group

Houlihan Lokey is pleased to announce that CONVOTIS Group (CONVOTIS), a leading European provider of digital transformation services and a portfolio company of Elvaston, has sold its SAP business unit to Aricoma. The transaction sharpens CONVOTIS’ strategic focus on its high-growth core business areas: digital transformation services, artificial intelligence, sovereign cloud solutions, and cybersecurity.

CONVOTIS is a premier European IT services provider offering end-to-end services for complex digital platforms and business-critical IT architectures. Its portfolio spans the design and development of scalable digital platforms, the secure integration of artificial intelligence into existing business processes, and the compliant operation of sovereign cloud environments. Against the backdrop of increasing regulatory requirements and growing demand for sovereign and secure cloud solutions, CONVOTIS is concentrating its investments, innovation efforts, and management capacity on technology areas that deliver the highest long-term strategic value for enterprises and public-sector organisations. The SAP business unit, with teams in Austria and Slovenia, is the leading SAP partner in the region and has been recognised as the No. 1 SAP business partner in Slovenia.

“This transaction underlines our clear strategic direction,” said José López, CEO of CONVOTIS. “By focusing CONVOTIS on those technology domains where we can create the greatest strategic and technological value for our customers, we are laying the foundation for sustainable growth.”

Aricoma, a leading provider of enterprise IT solutions, offers services in IT infrastructure, cloud, enterprise applications, and cybersecurity. The acquisition strengthens Aricoma’s position as a leading IT services provider in Slovenia and Austria.

Houlihan Lokey served as the exclusive financial advisor to CONVOTIS and Elvaston. This transaction reinforces the firm’s strong track record of advising companies in the SAP ecosystem and highlights Houlihan Lokey’s deep expertise and proven execution capabilities in the European IT services sector.

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