VASS acquires Movetia, a leading company in the development of digital solutions
24 May 2022
Founded in 2011 and headquartered in Barcelona, Movetia is a leading digital services company with deep expertise specifically in the financial and automotive verticals.
With this acquisition, VASS reinforces the group’s strategic commitment with Catalonia and complements VASS’s leadership in the digital transformation market.
VASS has acquired Movetia, a leading digital services company with deep expertise digital strategy, and the design, implementation and development of best-in-class digital solutions for the financial and automotive sector.
Founded in 2011 and headquartered in Barcelona, Movetia’s exceptional talent and ability to deliver a wide range of high-quality digital services have resulted in the Company being rated one of the most innovative and fastest growing companies in Europe for three consecutive years.
“The acquisition of Movetia has numerous benefits for VASS, from reinforcing our strategic commitment to the Catalonia market, to supporting our mission to increase our leadership in core competencies such as mobile application development and digital solutions and consolidating our presence in core verticals in core sectors for the group such as financial services and automotive,” says Fco. Javier Latasa, CEO of VASS.
Movetia has been rated as one of the most innovative and fastest growing companies in Europe for three consecutive years. Its talent and its ability to offer a wide range of high-quality digital services have been some of the key elements that have driven our attention. This acquisition full fills our objective to increase our leadership in core competences such as mobile application development and digital solutions, as well as to consolidate our presence in core sectors for the group such as financial services and automotive,” says Fco. Javier Latasa, CEO of VASS.
“Since our founding, Movetia have been leaders in the Spanish digital transformation market. We are now expanding together with VASS on our journey to increase the value we deliver to our clients, who will now benefit from the full offering of VASS Group and new synergies this combination creates,” says Jordi Termes Founder of Movetia.
This acquisition is another step in the VASS@400 strategy, launched in early 2021 and backed by U.S. private equity firm One Equity Partners. Movetia is the fifth transaction since the plan launched, following the recent acquisitions of One Inside, a leading Adobe technology solutions specialist based in Switzerland, CRI Group, a company specializing in the digital transformation of European Union entities, ECENTA, a German leader in the development of customer experience solutions, and Comunytek, a specialist in advanced systems for wholesale banking and capital markets.
“The acquisition of Movetia brings new strengths in Digital strategy services, UX Research and Service Design which perfectly complement the offering of VASS and enhances VASS’s ability to deliver the best digital solutions and services to the group’s clients, whatever their sector, size, or geographic location,” said Dr. Jörg Zirener, Senior Managing Director at One Equity Partners.