French third-party maintenance provider Evernex has acquired its Brazilian counterpart A Systems for an undisclosed amount.
Evernex has a substantial presence and commitment to Latin America. The group operates through subsidiaries in Brazil, Mexico and Chile. Evernex has over 21 forward stock locations in Latin America and maintains over 7 700 critical assets in the region. Through this transaction, Evernex will continue to expand its regional footprint, creating a platform for further growth across Latin America.
A Systems was founded in 1996 and is today a market leader in the Brazilian third-party maintenance services market. The company provides maintenance and equipment rental services for datacenter hardware & critical IT equipment, offering tailored solutions to customers all over the country and across all industries.
Andre Melo, Managing Partner at A Systems, stated: “we have built a strong reputation among our customers, who recognize our high level of quality, cost effectiveness and reliable services, including customized support options and flexible service level agreements. We take great pride in our technical excellence and we continuously invest in technical competences and people to remain relevant for our customers. Today’s acquisition is testament to our team’s hard work and dedication and we look forward to becoming part of the Evernex team.”
Stanislas Pilot, Chief Executive Officer of Evernex, said: “A Systems enjoys strong brand recognition in Brazil and they have demonstrated robust growth. We are delighted that they have agreed to join forces with Evernex, creating an even stronger business, able to serve more customers across Latin America and globally. We view the Brazilian economy positively and we believe that presents significant opportunities for growth. I look forward to working with Andre as we build a combined platform to serve our customers’ growing demand for maintenance services.”
Cyril Bourdarot, Associate Director at The Carlyle Group, added: “A Systems is the fourth acquisition completed by Evernex over the past 24 months and is a perfect fit for the Group’s focused external growth strategy given its leading position in a strategic geography.”
Vladimir Lasocki, Managing Director at The Carlyle Group, concluded: “Evernex stands out in the third-party maintenance industry for its global presence, vertical integration from spares sourcing and testing to on-site intervention and its flexible customer engagement model. Evernex not only has strong organic growth performance but also a proven ability to act as an industry consolidator taking advantage of the fragmented industry landscape. Our intention is to continue this consolidation strategy to support customer everywhere they need, enhance our differentiated proposition and build the uncontested global leader in the third-party maintenance market.”