SEIDOR incorporates Carlyle into its capital to become a global top player

SEIDOR achieved a revenue of 894 million euros in 2023, marking a 19% increase from the previous year, and anticipates surpassing 1,000 million euros in 2024

Josep Benito continues to lead SEIDOR as its Executive Chairman, and the company maintains its headquarters in Vic (Barcelona). 

SEIDOR, a technology services and solutions consultancy, has added Carlyle, one of the world’s largest investment firms, to its shareholder base. Carlyle Europe Technology Partners ("CETP") now holds a 60% stake, while SEIDOR’s existing partners retain 40%. Advisory firms involved in the transaction included BCG, Busquet Economistas-Auditores, Cuatrecasas, JP Morgan, KPMG, Linklaters, and Renta4Sigrun.

The agreement remains subject to regulatory approval, including authorization from Spain’s National Commission on Markets and Competition (CNMC), which is expected before the end of the fiscal year.

Following the transaction, Josep Benito, previously CEO, becomes Executive Chairman, continuing to work with the current management team. SEIDOR will also maintain its headquarters in Vic (Barcelona).

Founded in 1982, SEIDOR has experienced sustained growth, reporting €894 million in revenue in 2023, a 19% increase from the previous year, and projects surpassing €1 billion in 2024. The partnership with Carlyle is expected to provide resources for further expansion in international markets and the potential for a medium-term IPO.

SEIDOR’s strategy focuses on consolidating its position in Spain while accelerating growth in the United States and Western Europe, including Italy, France, Germany, the United Kingdom, Ireland, and the Nordic countries. It will also strengthen operations in the 45 countries where it already has a presence, such as Latin America, the Middle East, and Africa.

In parallel, the company will continue diversifying its service portfolio in areas including Artificial Intelligence, Customer Experience, Cloud, Cybersecurity, and ERP. Partnerships with SAP, Salesforce, Microsoft, IBM, Google, and AWS will be reinforced, alongside the development of proprietary products.

SEIDOR also places emphasis on talent, with over 9,000 professionals worldwide. Investments will continue in internal development, recruitment, and initiatives related to diversity, digital inclusion, and environmental sustainability.

Josep Benito, Executive Chairman, said: “Carlyle's investment in SEIDOR underscores market confidence in our strategy. Carlyle brings not only financial capacity but also experience and best practices that will help accelerate our growth in the markets where SEIDOR seeks to expand.”

He added: “This transaction represents a significant opportunity for our company, clients, suppliers, and teams. It is an important step towards establishing SEIDOR as a global technology player and positioning Spain as a driver of innovation through information technologies.”

Fernando Chueca, Partner at CETP, said: “This transaction presents an opportunity to support a Spanish leader in digital transformation. SEIDOR is financially solid, competitive, and well-positioned in Spain, with strong growth prospects in North America and major European economies.”

He continued: “We see this as a step toward building a global technology company capable of competing in the world’s largest markets while offering shareholders a stable and attractive investment.”

SEIDOR has expanded internationally in recent years through targeted acquisitions. In Spain, it acquired Gesein, a firm with strong public sector expertise, and Opentrends, focused on cloud application development. In Italy, acquisitions included HT High Technology (SAP), GunPowder (Salesforce), and ECA Consult. In France, it acquired WorkWell, while in Ireland and the UK, Teamsoft joined the group. In the United States, SEIDOR has strengthened its leadership team and built new alliances with local technology partners.