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Announced

Completed

Sofinord completed the acquisition of a minority stake in InSitu Groupe.

Synopsis

Sofinord, a financial holding company, completed the acquisition of a minority stake in InSitu Groupe, a property management, audit, consultation, and multi-technical services provider. Financial terms were not disclosed. "Initially, I was looking to strengthen my financial structure, but in the end, I opted for this merger with Armonia, a subsidiary of the Sofinord group. It's clearly a strategic alliance with the number 1 in business services in France and Europe, which is going to make our job easier," Pascal Fenasse, Insitu Groupe Founding Chairman.

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