Back in December we heard at Sopra Steria’s Capital Markets Day the firm’s plan for the next three years which included a commitment to doubling its consulting business to 12% of revenue while targeting 60% from digital services. This shift towards higher-value services, coupled with their strong vertical focus in public sector, aerospace/defence, and financial services, is to be key to differentiating in a competitive marketplace.

The company also flagged up a €1bn M&A war chest signalling serious intent to consolidate its position in its key European markets. It looks like some of that money is going to be spent on acquiring French management consultant Aurexia, a boutique firm founded in 2006, with expertise in financial services, particularly in areas such as operational efficiency, compliance, and digital transformation. With 140 consultants and projected 2024 revenue of €20m (80% from France), Aurexia has demonstrated solid growth, expanding revenue 11% last year.

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