Euroconsult has undergone an operational refresh as they celebrate 40th anniversary with new investment.
Space advisory firm Euroconsult has announced a major process of evolution for the group and its shareholders, as the company seeks to enable and drive forward its next decade of success via a simplified, fully integrated operational structure.
Since its establishment in 1983 Euroconsult has been providing strategic decision-making assistance to more than 1,200 clients across 60 countries to date. Starting out by analysing the impacts of technological innovations on the development of end-user segments, its expanding team of experts has continued to witness, react to, and advise on significant shifts in space strategies and capabilities over the years, perpetually adapting its offering to respond to developments within the sector.
Following the firms recent celebration of 40 years in the business, it has welcomed a new investor BNP Paribas Development, who will join CEO Pacôme Révillon and the other new and existing shareholders. Meanwhile, a wider restructure will see more responsibility provided to its current management team and some legacy shareholders stepping down. The full integration of all the group’s subsidiaries is set to strengthen the synergies between its various businesses, with engineering arm Satconsult moving to a wholly-owned status, in a move that the company believes will simplify operations and ensure that more value is created for customers and partners.
Pacome Revillon said: “Its a thrilling time as we celebrate 40 years of excellence in our field, target further growth and welcome the arrival of BNP Paribas Développement to the group.
“Euroconsult increased its size by 60% in the last three years, refining and expanding our operations, whilst reinvigorating our team to ensure we can continue delivering the highest level of value for our clients.
“I would like to thank departing shareholders for the role they have played in our incredible journey so far, with some being present since the company’s inception. To those new shareholders who have joined us for this next stage in evolution, I wish to share my appreciation for their vision and confidence in the group’s high prospects. Finally, I would like to thank the advisers who contributed to the success of this exciting process, including Equideals, Vaughan Avocats and FCN.”
BNP Paribas Développements appointment is a boost for Euroconsult, who aims to leverage the relationship with a high-profile investor that aligns with the companys development model, while allowing the group to retain its independence as a specialist advisor.
BNP Paribas Développements Philippe Duny added: “As an organisation that views the global commercial space sector as a high potential growth area, we couldnt be more pleased to have joined the Euroconsult family.
“We look forward to supporting Euroconsults important role in the space ecosystem as they build upon four decades of success, strengthening their group in a manner that aligns neatly with the companys core values and vision for continual improvement in market intelligence, consultancy services, technology consulting and executive events
and training.”
