Sword Group completes the Sale of Tipik to mci group
Sword Group confirms the sale of its subsidiary Tipik to mci group, an internationally recognised player in the field of event and institutional communication.
This divestment marks the end of Sword’s involvement in event-related activities, fully aligned with its strategy to refocus on its core businesses: digital transformation and high value-added services.
mci group, a long-standing partner of Sword, is accelerating its growth and strengthening its service portfolio as well as its communication expertise in support of European Institutions.
From a financial perspective, the transaction will have a positive impact on the Group’s profitability, with a slight improvement in operating margins.
It also takes place in the context of a realignment of the Group’s scope, following the recent acquisitions of Full On Net and Bubble Go. On a full-year basis, these two integrations will compensate for the sale of Tipik in terms of revenue, with a difference of approximately €4m.
Sword Group continues to drive sustainable growth while strengthening its presence in strategic markets.
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