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Technology Holdings advises Decskill, a leading IT Outsourcing Specialist, on its strategic sale to Astek

Jul 2024
Has been acquired by

IT Outsourcing & BPO

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Technology Holdings advises Decskill, a leading IT Outsourcing Specialist, on its strategic sale to Astek
Seller Decskill
Buyer Astek
Focus Sector IT Outsourcing & BPO
Date July 2024

Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Decskill, one of the largest end-to-end IT outsourcing and business transformation solutions providers in Portugal and Spain, on its strategic sale to Astek.

quote Choosing Technology Holdings as our advisor made all the difference. Their unparalleled knowledge in Digital Transformation and IT Outsourcing and transaction expertise, combined with their keen eye for detail and extensive reach in the digital buyer landscape, was impressive from day one. They expertly guided us through intricate negotiations, provided sound advice, and connected us with the ideal partner in Astek. Technology Holdings exceeded our expectations at every turn, making our journey a successful one. We would highly recommend Technology Holdings to any seller, buyer and investor.
Luis Fernandes Managing Partner & Co-Founder, Decskill
Luis Santos Managing Partner & Co-Founder, Decskill

Founded in 2014 and headquartered in Lisbon, Decskill is a leading IT outsourcing specialist offering a range of services, including managed IT solutions, custom software development, cloud integration, business process outsourcing (BPO), and agile development. Serving key sectors such as Energy, Finance, Telecommunications, and Industrials, Decskill has built a strong reputation for delivering innovative digital solutions. Its team of approximately 550 highly skilled consultants, operating across Portugal and Spain, will now join Astek, enhancing their local market presence and boosting their delivery capabilities to meet increasing demand for cutting-edge digital strategies.

The acquisition of Decskill will enhance Astek’s ability to deliver leading IT outsourcing and business transformation services, positioning the group as a key player in the region. It underscores Astek’s ongoing commitment to investing in the European market, helping companies adapt to fast-paced technological advancements and fostering innovation across industries.

Luís Fernandes and Luís Santos, co-founders of Decskill, commented, “Agility is essential in this sector because the digital transformation of companies is, above all, about their sustainability in the short and long term. We are excited about this alliance with Astek, a partner that shares our vision and commitment to innovation and excellence in clients service, ensuring their solidity in a fast-paced digital world. Astek’s resources and expertise, along with Decskill’s extensive knowledge of the Iberian market, will enable greater scalability for both companies.”

Julien Gavaldon, Chairman of the Executive Board of the Astek Group, said, “We’re thrilled to bring Decskill’s team on board as we pursue ambitious growth plans in this dynamic nearshore market. By integrating Decskill’s top-tier expertise, Astek is poised to stay ahead of the curve and deliver exceptional value to our clients.”

Vivek Subramanyam, Founder and CEO of Technology Holdings, said, “We are excited to have closed this key transaction with Astek – our 46th Digital Transformation 22nd BPO deal globally. The transaction highlights Technology Holdings’ extensive expertise and proven capabilities in the Digital Transformation, IT Outsourcing & BPO sectors. We wish Decskill every success in their strategic partnership with Astek.”

Pablo Jorge, Associate Director, Southern Europe at Technology Holdings, added, “We are thrilled with the successful outcome achieved for Decskill and Astek, and we extend our best wishes to both as they embark on their next chapter. This marks our 9th transaction in Southern Europe and our 2nd in Portugal, highlighting the increasing demand from enterprise customers for comprehensive technology solutions that meet the evolving needs of the customers.”

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