2CRSi SA Announces Sale of Boston Limited

Strasbourg (France), August 30, 2024 – 2CRSi has announced the sale of Boston Limited, a major step aimed at refocusing its core operations. This sale follows logistical and operational challenges since the acquisition of Boston Limited in late 2019. The transaction, which closed on June 30, 2023, aims to streamline 2CRSi’s activities and bolster its financial position.

Proceeds from the sale were used to repay a 9 million euro acquisition loan and strengthen the group's equity. The sale also ended various contractual obligations, including minority call and put options, as well as an earn-out provision. An extraordinary dividend of €0.20 per share was distributed to shareholders in late 2023.

The divestment aligns with 2CRSi’s strategy to return to its core expertise in innovation and production. The firm plans to leverage its R&D capabilities in France and the UK to develop eco-efficient IT solutions. This refocus has already yielded revenue increases, reaching 220 million euros at the end of the 2023/2024 fiscal year.