01/05/2019 – Noordwijk – The Netherlands
Sapienza Consulting Holding BV, the holding company of the Sapienza Consulting (Holding BV) Group today announces the sale of its entire issued share capital to TP Group, the specialist services and engineering group.
TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. Its shares have been traded on AIM, the London Stock Exchange’s international market for smaller growing companies, since July 2001.
Through its existing customer relationships in the defence industry, TP Group understands the demands and sensitivities when advising on strategic problems in highly complex environments and implementing technology-driven solutions. Sapienza has been delivering solutions for over 25 years and has supported numerous ESA space missions. Our experience in delivering mission-critical services to customers with a similar profile makes the Sapienza Group a highly complementary and strategic acquisition for TP Group.
The Sapienza business will be fully integrated into TP Group and will contribute to TP’s existing Consulting and Programme Services business stream. Andrea Bennetti, Mike Bearman and Tarik Larfaoui, all directors and the majority shareholders of Sapienza, will remain with the business and continue to lead Sapienza’s activities and operations. The only tangible change is that Mike Bearman has stepped down as Managing Director and handed this responsibility to Andrea Bennetti. Mike will continue in his role of heading finance, administration, quality, security and HR, and his teams will remain the same. The rest of the Sapienza management will continue in their current roles.
Andrea Bennetti, Managing Director of Sapienza Consulting Holding BV, says:
We are very excited to start this new chapter for Sapienza Consulting, and we could have not chosen a better and more ambitious organisation than the TP Group to join. We are certain that this will help us to continue growing the Sapienza companies in the space and defence sectors and will provide many opportunities for our staff.
Phil Cartmell, Chief Executive Officer of TP Group, commented:
We are delighted to welcome Sapienza into the Group, bringing highly complementary skills, technologies and customers across both the defence and space sectors.
Several of the existing Group leadership team have experience in the space sector and we see significant opportunities to leverage the skills and technologies of both Sapienza and TP Group across the enlarged global footprint.
We are equally excited to see the continued development of new technologies from the team at Sapienza. It is pleasing that Andrea, Mike and Tarik, will continue to work with us post-acquisition to continue managing and growing the business, including the delivery of several technology projects that will build the future propositions of the larger Group.
We believe this acquisition enhances our unique business by further augmenting our ability to deliver services and skills into highly complex and critical environments. The combination of the two businesses presents a compelling opportunity for future success.
About Sapienza Consulting Holding
A leading European provider of Workforce Solutions Services and Technologies to demanding clients in high-tech, high-reliability, and critical sectors such as Space, Defence and Security since 1994.
Our Workforce Solutions Services offer unique value to (inter)national organisations, as well as space, defence and security concerned companies. We have a rich and diversified Workforce Solutions Service portfolio that flexibly meets our clients’ needs for temporary and long-term support consultants (with or without Security Clearance) and services offered on Work Package and Project basis.
For Media information contact:
Space Business Innovation Centre
Tel: +31(0)71 407 6518
Fax: +31(0)71 407 6536
About TP Group
TP Group is a professional services and technology partner with a unique end-to-end approach. We are proud to work globally with contractors and primes on highly-regulated programmes across defence, energy, space, and intelligence & security.
Because of our forward-thinking teams, mission-critical equipment operates effectively in the world’s most challenging environments. Whether sharing innovative solutions or manufacturing advanced systems, absolute trust is core to all we do.
We advise and consult on secure information systems, high-tech projects and through-life equipment support. Working with system integrators, Original Equipment Manufacturers (OEMS) and end-users, we bring brilliant ideas to life.
Our experience spans critical equipment and systems in many sectors; we are involved in everything from secure communications systems, and mission systems software to aircraft cockpit integration.
You’ll also find us working on Autonomous vessels, high-integrity equipment of refineries and power stations, and even atmosphere management systems to protect submariners. Whatever the project, one thing remains constant Absolute trust.
For Media information contact:
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
Tel: +44 1753 285 810