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Crescendo Finance assists the Intitek Group in the acquisition of the digital consulting firm Hinnoya

On June 28th, 2016, the Lyon Commercial Court designated the Intitek group, among several renowned candidates, for the takeover of Hinnoya. Intitek was chosen after a fierce competition because of the best guarantees of sustainability it offered, combined with a dynamic business project consistent with its overall strategy. Hinnoya was founded in 2004 and is a digital consulting agency specialized in 4 complementary fields: infrastructure, engineering, training and communication. This expertise allows them to support their customers from start to finish in their digital transformation projects. It currently has 63 employees, 52 of whom have been taken over by Intitek. Since its creation in 2007, the Intitek group, which currently has 500 employees, has established itself as one of the major NSEs on the market, referenced by the largest international clients, both in industry and in information systems. This new acquisition, the sixth in five years, will enable the group to strengthen its positioning around digital transformation and to create synergies between Hinnoya’s fields of expertise and its activity dedicated to connected objects (in particular via its subsidiary Intitek IoT). By the end of the year, the group will be structured around two divisions, one industrial, the other digital. Nicolas Boileau, its founding president, has announced that he is currently conducting exclusive negotiations, via the firm Crescendo Finance, with a recognized actor in the field of digital transformation (€11m in sales, 120 employees), which should join the group in the fall to reach a projected €50m in sales in 2017, compared to €35m in 2016. The group has three foreign subsidiaries based in Poland, Canada and Spain.