10.03.2023 – Aticeo advised TVH Consulting and its shareholder 21 Invest on the acquisition of Algoritmia in Spain

Paris and Barcelona, 10th March 2023Aticeo (Paris, Barcelona) has accompanied TVH Consulting (France) in its acquisition of Algoritmia (Spain). 

Aticeo acted as exclusive advisor to Ahmed Mahcer, President, and Eric Boisneault, CEO, to accelerate the international development of TVH Consulting through the acquisition of a Spanish partner: Algoritmia. Thanks to this transaction, effective as of 1st March 2023, and carried out with the support of the reference financial shareholder 21 Invest France, the group now has a turnover of almost €46M in Europe.  



TVH Consulting, the long-standing French expert in the integration and publishing of Microsoft and SAP ERP-BI solutions, is strengthening its positioning on Microsoft Dynamics ERP solutions and advanced technologies on Microsoft Azure thanks to the merger with its Spanish partner Algoritmia. 


Since 2021, the investment fund 21 Invest France has been supporting TVH Consulting, which in less than 6 months has completed its second strategic acquisition, this time within its historical perimeter, after diversifying into cybersecurity with the acquisition of Fidens. The new entity will have a turnover of almost €46 million. 


With more than 60 employees, Algoritmia remains true to its mission since 2017, to accompany its more than 75 Clients in the excellence of their projects by relying on its leadership position in the Spanish market as well as on its expertise in artificial intelligence and Power Platform reinforcing its technical excellence in relation to the Microsoft Dynamics ERP. Algoritmia is the first Microsoft partner in Spain to have received two new certifications as “Solution Partner for Business Applications and Modern Work” required by the publisher since the end of 2022. 


Giving rhythm to the digital transformation of our clients is the path we wanted to take by joining forces with Microsoft Algoritmia, a specialist in technology, while expanding the group’s geographical scope. Facilitated by the common vision of our two entities, this rapprochement confirms our adequacy in terms of the values instilled by its founder Toni Torra, who notably favours the commitment of employees.”, comments Ahmed Mahcer, President of TVH Consulting. 


The richness of Algoritmia’s value proposition, whether in ERP, CRM, Data Analytics, Cloud Platform or Artificial Intelligence, will enable synergies between the two companies to be quickly activated. 


Algoritmia is also the publisher of its artificial intelligence application ALBA and excels in the services available in Azure. It is constantly enriching its three vertical business solutions and seven proprietary Power Apps for the agri-food, industrial, service and public sectors. 


We are delighted to join the TVH family. It was important for Algoritmia to maintain its current strategy while continuing to develop and diversify our solutions portfolio. The merger with TVH Consulting will allow us to bring a “technological” dimension that complements the group’s existing Microsoft offerings and to diversify our sectoral strategy. We will always be committed to satisfying our customers by capitalizing on our human resources”, says Toni Torra, CEO of Algoritmia. 





TVH Consulting (France): Ahmed Mahcer, Eric Boisneault ; Algoritmia (Spain): Toni Torra ; 
21 Invest (France): Stéphane Perriquet, Martin Bellé, Baptiste Gaud 
Advisors TVH Consulting and 21 Invest 
M&A advisory: Aticeo (Anne Gallet, Paul Brousse, Pablo Alfonso) 
Corporate legal advice and legal-tax-social DD: Pérez Llorca (Fernando Quicios, Carlos Pérez-Prat); Hoche (Grine Lahreche; Audrey Szultz) 
Financial advice (DD): Accuracy (Eduard Saura, Gonzalo Diaz de Espada, Ignacio Garcia) 
Advisors Algoritmia 
M&A and legal advice: Baker Tilly (Toni Carné, Marc Mercader, Judit Navarro, Anaïs Gandarillas) 
Cerea (Fabrice Vidal, Hugues Boivin-Champeaux) and counsel NH Law (J. Hinge, M. Torikian) 

About TVH Consulting 

Founded in 2003, TVH Consulting is an international group specializing in consulting, implementation, integration and hosting of major ERP-BI solutions: Microsoft and SAP. With its own R&D center, TVH Consulting concentrates its know-how in publishing business solutions for SMEs and large companies in the food industry, agricultural cooperatives, specialized distribution, suppliers to the retail sector, chemical-pharmaceutical-cosmetology, the processing industry, etc. TVH Consulting also has expertise in cybersecurity to support its customers in their 360° IS security strategy and ensure their regulatory compliance (ISO27001, HDS, LPM, RGPD, etc.). TVH Consulting operates in Europe but also on other continents (United States, Canada, South Africa, etc.) thanks to a solid network of partners. TVH Consulting retains full project management, support for all its installations and is irrevocably committed to its results.www.tvhconsulting.fr 
About Algoritmia: 

Founded in 2017, Algoritmia is an integrator specialized in the implementation of end-to-end digital transformation projects. As a recognized Microsoft partner in Spain, Algoritmia has great expertise in the implementation of technology solutions also: ERP, CRM, Power Plaform and Artificial Intelligence. Thanks to its R&D center, Algoritmia offers business applications to SMEs using the latest technologies on the market in order to remain ever more innovative and differentiated from the competition. www.algoritmia8.com 


About 21 Invest:  

An active and responsible shareholder alongside management for 30 years, 21 Invest has supported more than 100 companies based in France, Italy and Poland through local funds. In France, the investment strategy focuses on companies combining growth and recurrence in four sectors: healthcare, technology/software, education and business services. 21 Invest brings to the companies whose transformation it supports its know-how in terms of institutionalization and growth acceleration, in particular through the deployment of platform strategies. www.21invest.com 

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