- Transeo develops the “EU4BT” Engaging Users for Business Transfer project with a consortium from Netherlands, Spain and Belgium.
- The Project objective is to identify the good practices in the working of matching platforms (connecting potential sellers and buyers of SMEs) in Europe and to start defining the needed actions to create connections between platforms from different European countries.
- The European Commission estimates that 450.000 businesses, providing 2 million jobs, are being transferred in the EU every year. That’s why Europe needs to make it easier to transfer businesses and develop more effective support services.
Brussels, March 4, 2015. Last week, in Barcelona, took place the Kick-off Meeting of the EU4BT “Engaging Users for Business Transfer” project, which main objective is to define standards for efficient matching platforms in Europe and to create the best conditions to ensure their good implementation. The indirect but crucial objective of the project is to start defining the needed actions to create connections between platforms from different European countries.
The EU4BT consortium partners have worked on the development of a unique methodology which combines an academic and scientific study with the consultation and involvement of matching platforms. This unique study on the business transfer area will obtain a state of the art of European matching platforms and will create the opportunity to discuss the identified standards with the involved managers.
The project will collect information on specific features such as business model, ICT tool behind the platforms, matching methodology, additional services, etc., in order to elaborate recommendations for the European Union on how to set up efficient and sustainable marketplaces around Europe. The involvement of matching platforms in Europe in the production of good standards is essential in this European project.
This project is part of the COSME (Competitiveness of Enterprises and Small and Medium-sized Enterprises), an EU programme running from 2014 to 2020 which aims to support SMEs in several areas such as: access to finance, access to markets, supporting entrepreneurs and improving conditions for competitiveness.
The European Commission estimates that 450.000 businesses, providing 2 million jobs, are being transferred in the EU every year. That’s why Europe needs to make it easier to transfer businesses and develop more effective support services.
The EU4BT consortium is composed by Transeo and three other members from around Europe:
- Sowaccess: “Société Wallonne d’Acquisitions et de Cessions d’Entreprises”, a subsidiary of the SOWALFIN Group, is the Walloon Company for SME transfer and takeover. SOWACCESS is founding member of Transeo aisbl. Its two main missions are to facilitate contacts between sellers and buyers in Belgium, France and the Netherlands thanks a to a EU-recognized matching platform with a unique active matching methodology, and to provide information and raise awareness about sale/acquisition of SMEs in Wallonia.(www.sowaccess.be)
- Reempresa: The Centre de Reempresa de Catalunya is a non-profit public-private partnership initiative launched in 2010 by the Catalan Employers Association (Cecot), through the Fundació Cecot Innovació (FCI) and by the Private Foundation promoting self-employment in Catalonia (CP’AC). It runs a business transfer matching platform and also provides support services for its sellers and buyers. It is cofinanced by the European Regional Development Fund (ERDF) from the European Commission.(www.reempresa.org)
- Hogeschool Utrecht: (www.hu.nl) HU Business School Utrecht/Faculty of Economics and Business, conducts research on success and failure in SME business transfers since 2004, leading to international cited publications. Out of the 13 studies within the business school three are dedicated to entrepreneurship. HU Business School Utrecht is considered one of the leading parties in business transfer research and education by the Dutch Department of Education, Chambers of Commerce and specific trade associations.
About Transeo (www.transeo-association.eu)
Transeo is the European Association for SME Transfer. Transeo gathers SME transfer (sale/acquisition) experts from the private, public and academic sectors. Our objective is to improve SME transfers by exchanging good practices and stimulating collaboration between experts from different sectors and different regions and countries. Transeo also works closely with the EU Commission. Transeo increases awareness of the business transfer issue at regional, national and European level. Transeo works on solutions and projects to improve business transfer at European scale.