Business transformation and IT service provider Conclusion has reached an agreement with the investment company Novabase to acquire the leading Portuguese organization Neotalent, a specialist in recruiting and deploying IT talent. The organization currently employs over 800 experienced specialists in high-demand technology areas such as software development, data analysis, cloud services and engineering. Neotalent has been steadily growing in recent years and provides nearshore and onshore solutions to renowned companies in Portugal and Spain. As part of Conclusion, Neotalent is ideally positioned to strengthen Dutch customer teams, enabling them to meet the high demand for qualified multidisciplinary teams. The acquisition of Neotalent will take place in the coming months, subject to the verification of certain customary conditions typically associated with similar transactions, including the approval of the Portuguese competition authority.
Engbert Verkoren, CEO of Conclusion, says, "Welcoming Neotalent is a significant step for Conclusion. With this addition to our ecosystem, we attain the necessary capacity to provide effective nearshore services as an integral part of our overall service, addressing the business and IT challenges of our clients. Compared to Portuguese competitors, Neotalent has proven to be very successful in finding the right people in the tight Portuguese labor market. Furthermore, Neotalent's management is capable of forming long-term relationships with both employees and customers by investing in talent development and promoting a culture centered around responsibility and collaboration. We support the further development of Neotalent into a full-service IT provider, both in Portugal and Spain and beyond."
Álvaro José Ferreira, a member of Novabase's Board of Directors, states, "This agreement accelerates Novabase's growth strategy by dedicating all our resources and energy to the international expansion of the NextGen business, particularly in the area of cognitive and analytics. At the same time, we believe that Neotalent, through integration into Conclusion’s ecosystem, can continue to operate autonomously while maintaining its identity. By combining this with the highly qualified management team and the group of skilled professionals, Neotalent can propel its further development as a best-in-class nearshore player."
Célia Vieira, director of Neotalent, regarding the acquisition, says, "This is an important moment for Neotalent. By being part of an international player like Conclusion, we can enter new markets and take on new business challenges, leveraging the extensive and high-quality services and solutions portfolio of the group. We see a great opportunity to combine our growth ambition with Conclusion's ambition to establish a strong nearshore capacity. This also aligns with our mission to become a European reference player in our sector. We are pleased to join the Conclusion’s ecosystem. This offers growth opportunities for all of us and enhances the business appeal of our company."
Neotalent has 25 years of experience in delivering and managing IT talent services to meet the business needs of companies in various sectors and markets. Currently, more than 800 specialized professionals work at Neotalent. With offices in Portugal and Spain, Neotalent is a leading IT & Engineering service partner that combines the best technical expertise with an agile way of thinking to strengthen businesses and make organizations successful.