On 18 October 2022, it was announced that Techedge Group, a consulting firm specialising in business solutions, had acquired a majority stake in Innovar Tecnologias. Baker Tilly Corporate Finance has advised the Innovar team on this transaction.
The transaction is in addition to the one carried out a year ago by Techedge to integrate Axazure, a company specialised in Microsoft Business Applications, into its structure. The combination of Innovar's capabilities with Axazure will result in one of Microsoft's most powerful partners in Spain in this business segment.
Seller: Innovar Tecnologías
Innovar Tecnologías, founded in 2008, offers consulting, implementation and development services in Microsoft Dynamics 365 and Power Platform, has decided to join the Microsoft project that has been strategically defined by Grupo Techedge together with Axazure for its growth in this line of business.
"We are at the ideal moment for Innovar, a project with 15 years of success that has led us to become a benchmark in the Business Applications area, to join forces with Techedge Group and Axazure to face new challenges that will take us to the next level of services for our clients. We have decided to join forces because we share core values, vision and ambition".
Carolina Martínez, founder of Innovar Tecnologías
Investor: Techedge Group
Headquartered in Milan (Italy), Techedge Group is a consulting firm specialising in business solutions. The integration of Axazure a year ago and Techedge now brings together more than 150 Microsoft Business Applications professionals capable of tackling any type of project, no matter how complex.
"At Techedge we are excited about the addition of Innovar Tecnologías to the Group. We can now provide a holistic response in Microsoft technologies to our customers and at the same time become a very important partner for Microsoft. With these new competencies we can accompany our customers, in a more complete way, on their journeys to sustainable digitalisation"
José Manuel Nieto, Managing Partner of Techedge Group
Baker Tilly Corporate Finance:
Baker Tilly has advised Innovar Tecnologías in the negotiations with the Techedge Group management team. Diego Gutiérrez, a partner specialising in the technology sector, led the team. Baker Tilly Corporate Finance has a dedicated Mergers & Acquisitions team and has consistently ranked in the top 10 of the global M&A market.
«Esta operación supone para Innovar reforzarse no sólo con un partner de referencia a nivel nacional como Axazure, sino además unirse a un grupo de alcance internacional.»
Diego Gutiérrez, Partner of Baker Tilly
Baker Tilly International's corporate finance services include advising on cross-border transactions for clients doing business in multiple locations. Baker Tilly's network spans more than 145 territories, with 38,000 people working in more than 746 offices.
