Equiteq acted as exclusive financial advisor to Aspire, a leading provider of technology and software engineering services based in Amman, Jordan, on its sale to Group Astek, a engineering and technology consulting company founded in France with 10,000 employees globally.
This acquisition enhances Aspire’s foothold in key markets like the United States and the Middle East region, while also advancing Astek’s objective of establishing a significant presence in the Middle East. By expanding its offshore capabilities especially in Arabic-speaking markets, Astek is positioning itself as a leading force in the region’s fast-growing technology sector, allowing both companies to better serve their clients globally and regionally. Aspire’s expertise in critical sectors such as financial services, healthcare, e-commerce, and communication services aligns with Astek’s broader ambitions to expand its global service offerings.
Founded 22 years ago, Aspire specializes in software engineering, cloud services, DevOps and digital transformation consulting, and today employs over 350 consultants, serving more than 35 clients across the USA, the MENA region, and Europe.
Kaushal Shah, Founder & CEO of Aspire, said: “This acquisition opens a new chapter for Aspire. By joining forces with Astek with a shared vision, we gain access to a wider global network and additional resources, which will allow us to better serve our clients across key markets. We are excited to continue our growth and innovation journey with the support of Astek’s global resources.”
Julien Gavaldon, Chairman of Group Astek’s Executive Board, commented: “The acquisition of Aspire, a well-performing company with a strong financial track-record, represents a key milestone in our strategy to expand Astek’s international footprint and enhance our service delivery capabilities worldwide. Aspire’s strong reputation, particularly in the US and Middle East, aligns perfectly with our growth ambitions. We look forward to integrating Aspire’s talented team into our operations, further strengthening our ability to deliver cutting-edge solutions to our clients worldwide.”
Commenting on Equiteq’s role in the transaction, Kaushal Shah, Founder & CEO, said: “The Equiteq team was instrumental in supporting us throughout the acquisition process, guiding us through a complex cross-border transaction. Their insightful and actionable advice coupled with their diligent approach and teamwork helped secure a positive outcome. It was a genuine pleasure to collaborate and work with the deal team.”
Sylvaine Masson, Equiteq's Head of APAC and Managing Director Arun Nayak, added: “Aspire is a unique technology services business in the Middle East and with Astek as a strategic partner providing robust support for the next stage of growth, we are confident that Aspire will quickly and successfully expand in its existing markets and beyond. It has been a tremendous privilege to be part of this deal in the Middle East.”
Read more about the deal here>>