Wendel completed the acquisition of an 82% stake in Scalian Group from Cobepa and Andera Partners for €557m.

Wendel, a family-held investment company, completed the acquisition of an 82% stake in Scalian Group, a European consulting firm in digital transformation, project management and operational performance, from Cobepa and Andera Partners, two investment companies, for €557m ($613m). "Wendel will be an active partner for Scalian, contributing its recognized expertise in developing global leaders in business services, through both organic and external growth. We share the ambition of its leader, Yvan Chabanne, of unlocking the company’s full value creation potential in Europe and North America and making it an international leader in its field. Scalian's highly entrepreneurial culture and its recognized ESG performance are fully in line with Wendel's values. This majority investment by Wendel in an unlisted company will be fully in line with the strategic roadmap we announced a few weeks ago, including the ambition to invest two billion euros over the next twenty-four months," Laurent Mignon, Wendel Group CEO.