HPS has signed a conditional agreement to sell its Testing division to French digital services firm Synanto Services SAS, marking a key milestone in the rollout of its AccelR8 strategy. The move reflects the Moroccan fintech company’s intent to streamline operations and focus exclusively on its core business: payment solutions.
The division in question, operating under the Acpqualife brand, has shown growth and profitability prospects that HPS considers below those of its other business units. Transferring this activity to Synanto is seen as a way to give it a more suitable environment for expansion. As part of the deal, all client and supplier contracts, the brand itself, and associated teams will be moved to Synanto. HPS emphasized that the sale does not affect its other French operations, which will continue to be developed and strengthened independently.
Synanto, a fast-growing digital services company with over 250 employees and annual revenues of €25 million, has a presence in France, Luxembourg, and Tunisia. The company operates through a decentralized model built around autonomous regional offices, aiming to foster both closer client relationships and a work culture that encourages employee growth and innovation.
For HPS CEO Abdeslam Smaili Alaoui, the transaction is an important step in accelerating the group’s growth trajectory by doubling down on its payments business while offering a solid future to the employees being transferred. Synanto’s president Julien Vallon welcomed the acquisition, saying the new team brings valuable expertise that strengthens the company’s offerings in banking, finance, and insurance.
The transaction is being legally advised by Norton Rose Fulbright on behalf of HPS. Financial terms of the deal have not been disclosed, and the agreement remains subject to regulatory approvals before being finalized.
