Information on the Target

Imagine Human Group has made a strategic acquisition of Saphir Consult, along with its innovative software solution, Qualipro®. Founded in 2019, Imagine Human specializes in software solutions that address Health, Safety, and Quality of Life at Work. As a technology group, it is focused on meeting the prevailing economic, social, and environmental challenges faced by both private and public enterprises. Since early 2024, the group has been backed by Extens and its management team, aiming to establish itself as a leading international player in the Quality, Safety, and Environment (QSE) sector through a blend of organic and external growth.

With the acquisition of Saphir Consult and its Qualipro® software, Imagine Human is now positioned as a major international entity, offering complementary software solutions across 40 countries. These solutions aim to enhance Quality, Occupational Health and Safety, Environmental Protection (QSE), as well as Quality of Life and Working Conditions (QVCT). The group is already renowned for its simple, innovative, and reliable digital solutions and is now able to present a unique offering characterized by both the complementarity of its functionalities and its extensive international reach.

Industry Overview

The sector of workplace safety and quality management in France has been undergoing significant transformation driven by new regulations and growing public awareness of health and environmental issues. Companies are increasingly prioritizing sustainable practices, making the demand for QSE (Quality, Safety, Environment) solutions more pressing. This shift emphasizes the critical importance of robust management systems capable of ensuring compliance and fostering a culture of safety.

Furthermore, amidst growing competition, organizations are recognizing the necessity to adopt innovative technologies that enhance operational efficiency. In this context, software solutions such as those offered by Imagine Human and the newly acquired Saphir Consult are gaining traction for their ability to streamline processes and improve overall workplace conditions.

Additionally, the landscape in France is supported by various government initiatives designed to boost workplace safety and sustainability. These initiatives are favorable to companies that prioritize QSE protocols, further augmenting the market potential for businesses specializing in this domain.

As global trends move towards stricter environmental regulations and employee wellness standards, the opportunity for QSE software providers to explore new markets is expanding. Consequently, firms like Imagine Human that can integrate comprehensive solutions have an advantage in positioning themselves for future growth.

The Rationale Behind the Deal

The acquisition of Saphir Consult aligns perfectly with Imagine Human's strategic objective to accelerate its growth within the QSE sector. By integrating Qualipro®, a proven management tool for QSE certifications, Imagine Human not only broadens its product portfolio but also enhances its value proposition to clients. This strategic move facilitates the company's ambition to solidify its presence as a leader in international markets.

Moreover, the acquisition is part of Extens's broader investment strategy aimed at fostering strong operational support for its portfolio companies. By positioning Imagine Human at the forefront of QSE solutions with an expanded reach, the deal signifies a crucial milestone that underscores Extens's commitment to enhancing the performance of its investments.

Information about the Investor

Extens is a specialized investment fund focused on software and health data. Their investment strategy emphasizes operational support that empowers portfolio companies to achieve market leadership. Since its inception, Extens has engaged in multiple acquisitions aimed at scaling innovative businesses within the tech sector.

This transaction marks the fifth build-up within the Extens III fund and the first acquisition outside France, highlighting the fund's ambition to expand its geographical footprint. Previously, Extens successfully acquired Medicore in the Netherlands in September 2024, further reflecting its commitment to investing in high-growth potential markets.

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This acquisition appears to be a strategically sound investment for both Imagine Human and Extens. By consolidating its offerings with Saphir Consult’s capabilities, Imagine Human not only expands its service portfolio but also enhances its competitive edge in a rapidly evolving market. Given the ongoing demand for integrated QSE solutions across different sectors, this move is timely and aligns well with current industry trends.

The operational synergies that can be harnessed through this acquisition are substantial. With the combined expertise and technological capabilities, Imagine Human is well-equipped to deliver improved outcomes in occupational health and safety across various regions. Additionally, the venture into international markets presents significant growth opportunities, especially as organizations pursue comprehensive and compliant QSE solutions.

However, the success of this acquisition hinges on effective integration and scaling of the newly acquired solution. If executed well, Imagine Human could potentially become a benchmarking entity in the industry, setting high standards for QSE management globally. Thus, this transaction could very well be a pivotal moment for both entities on their path to market leadership.

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