Announced last fall by i2S, negotiations to acquire the Toulouse company Twiga have just ended favorably. Many synergies are expected

The takeover of Twiga by i2S is signed (Image: i2S)

The Gironde group i2S, a specialist in image capture and processing, signed a letter of intent last November with a view to acquiring the company Twiga. The purchasing procedure for this “international specialist in optimal video transmission” is now finalized, it is indicated in a press release. On a financial level, the operation is mainly carried out with equity, in particular those resulting from the proceeds of the sale of the i2S distribution activity to the German company Basler, the balance being financed by loans raised from financial partners usual i2S.

“This acquisition is part of i2S’s desire to complement and strengthen its technological know-how and its specialization in markets where imaging provides strong added value ,” it is explained in the preamble. The knowledge of this new Toulouse subsidiary allows it to directly embed dedicated processing in all image-taking devices, “regardless of the transmission protocol” . Another strong point highlighted by its new parent company: “Twiga has reduced communication latency to a minimum, including wirelessly, which provides a decisive advantage for real-time applications” .

Technological… and financial contributions

Numerous synergies are anticipated, particularly in the field of underwater imaging. A sector where i2S has already strengthened itself in the fall of 2021 by acquiring the Gironde startup Orphie , which has developed an innovative patented solution for professional underwater imaging. “The acquisition of Twiga is a great opportunity to strengthen i2S's technological portfolio, to meet the expectations of customers who entrust us with tailor-made product development integrating a specific video application, and for our own product ranges. Technical and commercial synergies are particularly evident in the medical field ,” adds Xavier Datin, CEO of i2S.

Displaying “continuous growth in its turnover for 5 years in sectors such as Health and Industry”, Twiga achieved a turnover of 4.5 million euros last year, an increase of 22% (unaudited figures). And it is already delivering “substantial profitability which will be accretive for i2S after integration, from this year”, underlines the Gironde group. Butter, butter money and the butter recipe.

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