Degroux Brugère has advised TSS, a European B2B software group and subsidiary of Total Specific Solutions, on the acquisition of its subsidiary Creative Information Technology (Creative IT) from the Ardèche-based industrial and commercial weighing specialist Precia Molen.
Acquired in 2021, Creative IT is a publisher and integrator of Qubes Manufacturing Execution System (MES) software, and generated sales of €3.6 million in 2023, representing 2.1% of the Precia group’s consolidated sales.
A subsidiary of Constellation Software Inc (CSI), a global provider of vertical software companies, TSS is a group of business solution publishers and integrators with over 7,000 employees in Europe, covering some 30 vertical markets. TSS benefits from a network of nearly 1,200 B2B software publishers worldwide.
Jérémie Swiecznik, Partner in the Transactional Division, and Marguerite Galois-Boyé, Counsel, were involved in this transaction.