
Altia Consultores is a worldwide provider of digitalisation services for organisations.
Is its category moving in its favor or against it?
The movement of organisational needs toward fields such as artificial intelligence, cybersecurity, and data works in Altia Consultores' favour, because these areas are changing what organisations require and create new possibilities for adding value to them.
Altia Consultores achieved revenues of €167.2 million, an 11% rise from the same period last year. The EDNON acquisition added capabilities matching current market needs.
What is the investment case, and what must be true for it to hold?
Altia's case is self-funded growth: €167.2 million in revenues and more than 4,000 people on the project rest on positive net cash, so the thesis holds only while that cash sustains investment in specialised talent and capabilities. The firm grew revenues 11% compared with the prior-year period.
Altia paid €9.85 million to acquire EDNON, including an earn-out of up to €2.795 million. The company keeps a favorable outlook for the second half, the period in which it traditionally records a larger share of its results.
Which risks could break the thesis, and what would warn of them?
The investment case faces its sharpest threat if EDNON fails to hit the 2026 and 2027 business plan targets securing the earn-out of up to €2.795 million attached to Altia's purchase. Altia completed the acquisition for €9.85 million plus that contingent amount.
Altia projects a favorable second half, the stretch in which it traditionally books a larger share of its results. The firm holds a positive net cash position and invests in specialised talent and capabilities.
What does the product do for its buyer, and how is it delivered?
Altia Consultores sells digitalisation services delivered to organisations worldwide, including custom solutions that integrate artificial intelligence into client business processes.
Altia Consultores' Mercurio product adapts electronic tendering. The firm's ALTIA Control Tower product manages global transport.