Alan Allman Associates Announces Acquisition
from Humans4help
Issy-les-Moulineaux, February 2, 2023 – 6 p.m. – Alan Allman Associates (Euronext Paris – FR0000062465 – the “Ecosystem” – AAA), an ecosystem of international consulting firms, announces the completion of the acquisition of Humans4help, an ESM expert (Enterprise Service Management) and business process efficiency. Humans4help specializes in digital transformation topics around business process improvement, including ServiceNow and Freshworks software integration, artificial intelligence, data science and RPA (Robotic Process Automation).
This new operation takes the form of an acquisition by Alan Allman Associates France of 89.29% of the shares of the company Humans4help. Through this acquisition, the Ecosystem strengthens its division Strategy and Management and its strategy of strong hyper-specialized brands. Alan Allman Associates is also extending its presence in Europe and establishing itself in North Africa (Morocco, Tunisia, etc.).
The annual turnover achieved in 2022 of the company Humans4help is 7.15 million euros (uncertified).
This acquisition is mainly settled in cash by the company Alan Allman Associates France. The residual part, representing 2,000,090.44 euros, is paid by Alan Allman Associates in the form of 203,468 shares, on the basis of the 17th resolution of the Combined General Meeting of June 22, 2022 (a so-called private placement transaction with a restricted circle of investors, i.e. reserved for the sole shareholder of Humans4help).
A propos d’Alan Allman Associates
Alan Allman Associates is an ecosystem of strong brands, specializing in particular in digital transformation, created in 2009 through acquisitions and internal performance development, in the world of consulting. Established in Europe and North America, the Ecosystem maintains a network of dynamic, value-creating relationships around 3 areas: high-tech consulting, industrial transformation consulting and strategy and management consulting. Alan Allman Associates is labeled Happy At Work, ISO 9001 certified and Gold Ecovadis medalist for its CSR performance.
Alan Allman Associates is listed on Compartment B of Euronext Paris (FR0000062465 – ticker AAA).
A propos de Humans4help
An international digital service company founded in 2017, Humans4help specializes in topics relating to digital transformation around the improvement of business processes through hyperautomation including Process Mining which reduces process inefficiencies and Robotics Process Automation (RPA) and AI. The firm also supports its clients in the deployment of workflow solutions (Servicenow and Freshworks) but also intelligent automation and application development in native and lowcode-nocode. Present in 5 countries, it has a hundred employees.
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Forward-looking statements
This document may contain forward-looking information and statements regarding Alan Allman Associates and its affiliates. These statements include financial projections and estimates and underlying assumptions, statements regarding plans, objectives and expectations relating to future business, products and services, and statements regarding future performance. Forward-looking statements can be identified by the words “estimates”, “anticipates”, “intends” or other similar expressions. Although the management of Alan Allman Associates believes that the expectations reflected in the forward-looking statements are reasonable, the attention of investors and holders of Alan Allman Associates securities is drawn to the fact that the forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and over which the Company generally has no control, and which might cause actual results to differ materially and adversely from those expressed, implied or projected in the statements prospective. The risks and random elements that might affect the Company’s ability to achieve its objectives are listed and presented in detail in our Financial Report available on the Company’s website (www.alan-allman.com). These risks, contingencies and other factors are not exhaustive. Other unanticipated, unknown or unpredictable factors might also have material adverse effects on the achievement of our objectives. Alan Allman Associates does not undertake to update its forward-looking statements as a result of new information, future events or other factors. In particular, the duration and severity of the COVID-19 (coronavirus) pandemic, including its impact on the industry, macroeconomic conditions and Alan Allman Associates’ key local markets may cause our actual results differ materially from those expressed in our forward-looking statements. This press release and the information it contains do not constitute an offer to sell or subscribe, or the solicitation of an order to buy or subscribe for shares of Alan Allman Associates or its subsidiaries in any country whatsoever.
