EAD – Empresa de Arquivo de Documentação, S.A., which is a portuguese company specialized in document management solutions, announces the conclusion of the purchase of Papiro, another company in document management services, becoming the biggest group in document management in Portugal, with 100% Portuguese capital.
The purchase of the total capital of Papiro to the Trivalor group was communicated to the Autoridade da Concorrência in August and got the permission to purchase the deal in September. The operation was yet concluded in October.
With Papiro’s acquisition, the EAD group becomes the biggest group in document management with 100% Portuguese capital, counting on more than 250 permanent employees, an annual billing higher than 11 million euros and a universe of more than 1600 clients.
In spite of the acquisition, Papiro’s identity and organizational competences will remain. The company will enhance its assets, mainly in the printing and finishing services, courier, business process outsourcing (BPO) and safe and confidential recycling of documents. The excellent relation with Trivalor will remain, reinforced by the contractualization of a commercial partnership between them, to the market they are inserted.
With this acquisition, the EAD group maintains its purpose of keeping the leadership in the document management market in all of its aspects, namely in software development, BPO and safe and confidential recycling of documents. With 27 years of activity, EAD was the first document management enterprise outsourcing in Portugal, counting on operation centres in Palmela, Montijo, Vilar do Pinheiro, Azores and Madeira.
In 2019, the EAD group began its internationalization process, opening a branch in Bucharest, Romania – the Digital Romania EAD – which has BPO services on the optimization of documental processes in the local organizations. Fin-Prisma also belongs to the EAD group.