Econocom

What Econocom does

Econocom Group SE is a publicly listed (Euronext Brussels: ECONB) European digital general contractor founded around 1973–1974 and headquartered in Brussels, Belgium. The company designs, finances, and oversees digital transformation projects for large private enterprises and public-sector organisations across 16 countries, operating through 8,680 employees. Its offering is organised around four business lines — Products & Solutions (equipment distribution: end-user computing, mobility, audiovisual, infrastructure), Services (user environments, cloud and hybrid infrastructure, applications and data, cybersecurity), Technology Management & Financing (leasing, sale-and-leaseback, partner financing, green IT), and the Audiovertical line launched under the Gather brand in December 2023.

Underlying technology is delivered through a portfolio of proprietary platforms and brands that extend the core hardware-distribution model: EcoTwice (asset resale to employees), Ecolase (refurbished equipment leasing), EcoCarbon and EcoBuilding (carbon and environmental performance measurement), i.tem (intelligent tech equipment management), Econocom Factory (circular-economy refurbishment), Gather (audiovisual/UC), and Econocom Employee Choice (multi-OS workplace device choice). Econocom Factory refurbished 493,000 devices in 2023, extending average device lifespans by 3–4 years and reaching approximately 200,000 incremental units of annual capacity after the Back IT acquisition.

Econocom generates revenue across hardware sales, recurring financing/leasing, and professional services. The 2023 revenue mix was €1,207M from Products & Solutions, €998M from Technology Management & Financing, and €476M from Services, scaling to €2,923M in FY2025 (+4.3% YoY) with €53.2M of net profit (+43% YoY) and €142M of free cash flow. Go-to-market combines direct enterprise field sales with a 100+ independent sales-agent network across Europe. Pricing is quote-based and tailored per contract, with multi-year contractual structures common in both enterprise and public-sector accounts. Customers span hospitality (Accorinvest), energy (EDF), defense/aerospace (Thales), logistics (ID Logistics), and French departments (Bouches-du-Rhône, Yvelines, Hauts-de-Seine).

Name

Econocom

Legal name

Econocom Group SE

Website

https://econocom.com

Company type

Public

Founded year

1974

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Econocom Group SE is a Brussels-headquartered, Euronext-listed European digital general contractor that designs, finances, and delivers digital transformation projects — equipment, services, and technology financing — for large enterprises and public-sector organisations across 16 countries.

Ownership category

akta.pro rank

Product category

IT Services and Digital Transformation Solutions

NAICS

Environmental Consulting Services (541620)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Certified Compliance & Reporting Services (R2/e-Stewards, Audit, ESG) (BPALAIAL)

akta.pro secondary industries

Circular Economy & Waste/Materials Reporting (Zero waste, packaging) (EUAHAJAL), Sustainable & Responsible Supply Chain (ESG, Scope 3) (BPAHAHAM)

Keywords

• Digital transformation services
• IT equipment distribution
• Technology leasing financing
• Audiovisual unified communications
• IT asset refurbishment

Headquarters

HQ city

Puteaux

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Products & Solutions (P&S): Distribution of digital workplace assets including end-user computing, mobility, audiovisual, and infrastructure equipment. Includes customization, logistics, delivery, and installation services. Generated €1,207 million in 2023.
2. Technology Management & Financing (TMF): Innovative leasing solutions and financing for IT projects and strategic assets, combining technological mastery and financial engineering. Enables customers to access latest technologies while minimizing cash flow impact. Generated €998 million in 2023.
3. Services: Comprehensive IT services including strategic consulting, user outsourcing, application development, cybersecurity, cloud infrastructure, and operational maintenance. Generated €476 million in 2023.
4. Asset Management & Financing: Technology management including sale-and-leaseback, green IT financing, and lifecycle management services

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Econocom is Europe's first digital general contractor that designs, finances, and delivers end-to-end digital transformation projects for enterprises and public organizations. It distributes IT equipment (end-user computing, mobility, audiovisual, infrastructure), provides managed and professional services (cloud, cybersecurity, application development), and offers tailored financing solutions including leasing, sale-and-leaseback, and lifecycle management for technology assets.

Product overview

Econocom is Europe's first digital general contractor offering a comprehensive, multi-module portfolio organized around three core pillars: Equipment (End-User Computing, Mobility, Audiovisual, Infrastructure, Product Care), Services (User Environments, Cloud/Infrastructure/Hybridisation, Apps/Cloud/Data, Cybersecurity), and Financing (360° Financing, Sale and Leaseback, EcoTwice, Buyback, Green IT & Energy, EcoCarbon, EcoBuilding, EcoLease, i.tem). These core offerings are combined into Comprehensive Solutions including Digitalise Your Workplace, Enhance Business Mobility, Enhance Digital Learning, Microsoft Comprehensive Solution, and Develop Responsible and Circular Digital Technology. Key sub-brands include Econocom Factory (circular economy/refurbishment) and Gather (European audiovisual brand). The company operates in 16 countries with over 8,680 employees and generated €2.9 billion revenue in 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Econocom Factory: Circular economy and refurbishment arm of Econocom Group, specializing in refurbishing digital equipment and extending device lifespans
• Gather

Products and services

• End-User Computing

Quantifiable outcome

• 493,000 digital devices refurbished in 2023, extending device lifespan by 3-4 years on average
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Nine partnerships are on record, tiered minor, flagship and core.

• Image Supply SystemsminorStrategic or Co-development Partner · 1 July 2025Bolt-on acquisition of Image Supply Systems in July 2025 as part of smart office and audio-visual solutions expansion strategy.
• Boluda GroupminorOthers · 4 June 2024Econocom entered exclusive negotiations to sell Les Abeilles (maritime operations) to Boluda Group, a Spanish towage and shipping group and global leader in towage.
• OnepointflagshipStrategic or Co-development Partner · 15 May 2024Econocom joined consortium headed by Onepoint to support strategic plan to save Atos. The consortium includes Onepoint, Butler Industries, and Econocom working together on Atos rescue plan.
• ApplecoreTechnology or Integration · 16 October 2023Econocom Spain achieved Apple Authorised Enterprise Reseller (AAER) certification, along with Apple Education Specialist, Apple Consultant Network, and Apple Authorised Service Provider certifications following the acquisition of SEMIC. This enables Econocom to offer comprehensive Apple solutions including Mac integration, DaaS, and lifecycle management.
• LenovocoreStrategic or Co-development Partner · 7 July 2022Lenovo expanded its relationship with Econocom Group for accelerated growth in key European markets, enhancing distribution and service capabilities across the region.
• BagnetticoreStrategic or Co-development PartnerEconocom acquired 51% stake in Bagnetti, a Rome-based IT solutions company with over 40 years of experience serving corporate and public sector clients, generating revenues exceeding €30 million annually. Supports the 'One Econocom' strategic plan for targeted acquisitions in high-potential European markets.
• TramscoreStrategic or Co-development PartnerEconocom acquired majority stake in UK IT solutions provider Trams in 2021, expanding presence in UK market.
• Sofi GroupecoreStrategic or Co-development PartnerEconocom Group acquired majority stake in Sofi Groupe, a leading industrial player in France's digital refurbishment market, enabling entry into European refurbishment market.
• Back ITcoreStrategic or Co-development PartnerEconocom Factory acquired Back IT, a sheltered workshop (disability-inclusive enterprise) based in Occitanie, France, increasing annual refurbishment capacity to 200,000 IT devices and integrating disability inclusion into industrial operations.

Scale indicators15 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• SCC (Specialist Computer Centres): Privately-held UK-headquartered European IT services and distribution company combining hardware supply, managed services, and enterprise support. Closely comparable mid-sized competitor in enterprise IT services across Europe.
• Computacenter: UK-headquartered European enterprise IT infrastructure provider combining hardware distribution, managed services, and financing across multiple countries. Closest direct comparable to Econocom on the integrated supply-plus-services-plus-financing model and enterprise/government customer base.
• ALSO Group: Swiss-listed pan-European IT distribution and services group serving resellers and enterprise customers. Comparable scale, geographic footprint, and product mix in IT distribution and value-added services.
• Bechtle AG: Germany-based European IT system house and distributor with a comparable mix of hardware distribution, IT services, and managed workplace offerings. Direct competitor in DACH and broader EMEA enterprise accounts.
• Grenke AG: German-listed specialist in IT and small-ticket equipment leasing. Directly comparable to Econocom's Technology Management & Financing segment and competes for the same SME and mid-market leasing opportunities in Europe.
• Cancom: German-headquartered IT services and digital transformation provider focused on hybrid cloud, managed services, and workplace solutions. Direct competitor for enterprise digital transformation projects in DACH and selected European markets.

Broad incumbents

• Atos: Global IT services and digital transformation incumbent headquartered in France — Econocom notably joined the Onepoint-led consortium to rescue Atos in 2024. Competes in enterprise and public-sector digital transformation at a much larger scale, with overlapping services portfolio.
• Capgemini: Global IT services and consulting giant with significant presence across Europe competing for enterprise digital transformation mandates. Far broader portfolio but overlaps in managed workplace, application services, and infrastructure modernization.

Emerging players

• Kinly: European audiovisual, unified communications and collaboration solutions integrator formed via the merger of Awingu and other AV specialists. Directly comparable to Econocom's Gather audiovisual business line.

Regional players

• Tietoevry: Nordic-headquartered IT services and digital transformation provider competing with Econocom for enterprise digital transformation contracts in Northern Europe, particularly Sweden, Finland, and Norway.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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• Xx.com/econocom

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A27 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Econocom