Tessi buys 100% of Graddo Grupo Corporativo S.L. and its subsidiaries.
Graddo is a Madrid based family-owned company founded over 30 years ago. It specialises in processing documents and means of payment. In 2013 it reported revenues of €15.5 million with similar operating margins to those of Tessi documents services. The company has 616 employees.
It is one of the leading players in the Spanish BPO market, primarily in the banking sector. Graddo helps companies to outsource the management of their document and business processes. Moreover, it offers paperless document services, cash receipt and means of payment management, and back-office processing to a wide range of customers.
The impact of the deal
Tessi is strengthening its Tessi documents services business and is opening up new growth opportunities via this acquisition, which will be immediately earnings enhancing. Therefore, thanks to its ability to provide services and technologies that are suited to all business sectors, the Group aims to establish itself as a leader on the Spanish market.
Graddo’s founders will remain as directors. They will support the Tessi Group’s ambitious integration and development plans on the Spanish and international markets.
ONEtoONE Corporate Finance advised Graddo.
