This morning TP Group took another step forward in executing our growth strategy. We have just announced the acquisition of a pan-European services and software business in the Space sector.
Sapienza (https://www.sapienzaconsulting.com/) is a group of services and software companies with headquarters in the Netherlands and around 160 staff there and across additional facilities in five other European countries. Sapienza provides specialist consulting and technical services for space missions and operations to international and government organisations, including the European Space Agency (“ESA”), NATO and EUMETSAT.
They also have some advanced software tools using Artificial Intelligence and machine learning methods which are marketed to project teams in large technical development projects and system programmes.
This acquisition fits within our five-point strategy because:
- Competitive leadership – Sapienza are respected and trusted providers of services in this
most technical of sectors
- Major customers – Sapienza bring new major customers like ESA, and we can introduce
them to several of our own
- Investing in capability – Sapienza has technology development plans that we will support
and they can contribute skills and experience to some of ours
- Partnership and acquisition
- Geographic expansion – this transaction takes us into a new, international delivery profile
that will help us drive growth throughout Europe
To read the full announcement please click here.
For further information, please contact:
TP Group plc
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
Tel: 01753 285 810
Cenkos Securities plc
Mark Connelly / Stephen Keys / Callum Davidson
Tel: 020 7397 8980
Jeremy Garcia / Fiona Henson / Charlie Neish
Tel: 020 7390 0230
Notes to Editors
TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.