Verlingue Acquires ProConseils Solutions to Strengthen Swiss Presence
Deal News | Nov 27, 2024 | PR Newswire Cision Verlingue
Verlingue, an insurance brokerage subsidiary of the Adelaide Group, has acquired ProConseils Solutions, a leading company in the insurance brokerage sector in Francophone Switzerland. This acquisition is part of Verlingue’s strategic plan, aiming to bolster its presence in the Swiss market and expand its service offerings and competencies in insurance for businesses, public entities, and medical-social establishments. ProConseils Solutions, founded in 2003, is known for a personalized approach and strong customer service, servicing over 1500 companies with 25 employees across three offices in Vaud. Benjamin Verlingue, CEO of the Adelaide Group, emphasizes shared values of customer proximity and service excellence. This acquisition aligns with Verlingue’s strategic plan, 'Better Future 28', which seeks to reinforce its standing in Europe and become a premier family insurance broker by 2028. Co-founders Alain Bornand and Joseph Gelsomino see this integration as an opportunity for growth and improvement for their clients and employees. Verlingue has a strong presence in France, Portugal, Switzerland, the UK, and Italy, with partners extending in over 100 countries, and employs 1500, including 550 internationally.
Sectors
- Insurance
- Corporate Finance
Geography
- Switzerland – The acquisition target, ProConseils Solutions, is located in the French-speaking part of Switzerland, highlighting the geographic focus.
- France – Verlingue, the acquiring company, is based in France, indicating its expansion strategy beyond national borders.
Industry
- Insurance – The article discusses an acquisition in the insurance brokerage sector, focusing on business and public entity insurance services.
- Corporate Finance – The transaction involves strategic acquisition and expansion plans, indicative of corporate finance activities.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Verlingue | Acquirer | Company | An insurance brokerage company, a subsidiary of the Adelaide Group, focused on expanding its European presence. |
ProConseils Solutions | Target Company | Company | A Swiss insurance brokerage firm providing tailored solutions to businesses and public entities, acquired by Verlingue. |
Adelaïde Group | Parent Company | Company | The parent company of Verlingue, involved in this strategic European expansion. |
Benjamin Verlingue | CEO of Adelaïde Group | Person | An executive overseeing the acquisition strategy and alignment with the company's growth objectives. |
Alain Bornand | Co-founder of ProConseils Solutions | Person | Co-founder involved in the strategic integration into Verlingue. |
Joseph Gelsomino | Co-founder of ProConseils Solutions | Person | Co-founder involved in the strategic integration into Verlingue. |
Epoka | PR Agency | Company | Provided PR and communication support for the announcement of the acquisition. |
Lucie Fortin | Press Contact | Person | Media contact from Epoka, handling communication related to the acquisition. |