EasyVista Completes Majority Acquisition of OTRS Group

EasyVista, a leading IT software provider, has completed the acquisition of a majority shareholding in OTRS Group, a German IT service management company. With this move, EasyVista solidifies its ambition to become a global leader in IT solutions, aiming to surpass €70 million in sales by year-end. The acquisition includes over 90% of OTRS shares, with plans to acquire the remaining shares through a public takeover offer.

This strategic acquisition enables EasyVista to strengthen its presence in Europe, gaining a significant foothold in Germany. OTRS, with revenues exceeding €12 million in 2023 and a notable client base including Airbus and Porsche, supports over 850 clients globally. EasyVista, backed by Eurazeo, has tripled its recurring revenue and enhanced its IT services platform.