Sopra Steria: Proposed Acquisition of Kentor
26 Juin 2017 - 5:45PM
Business Wire
Regulatory News:
Sopra Steria (Paris:SOP) (Euronext Paris: SOP), a European
leader in digital transformation, today announced plans to acquire
Kentor, a Swedish company specialising in Consulting and Systems
Integration.
Sopra Steria plans to acquire 100% of the share capital of
Kentor, a Swedish company wholly owned by Norwegian group
TeleComputing. This proposed acquisition would significantly
reinforce Sopra Steria’s positioning in Scandinavia and boost
future growth in the region.
Founded in 1983, Kentor – whose head office is in Stockholm – is
recognised for its expertise in Consulting, Systems Integration and
Application Maintenance. With average organic growth of more than
10% per annum over the past 2 years and an operational performance
in the Sopra Steria Group's standards, Kentor achieved €34 million
in revenue in 2016 and has 330 employees.
Although Sopra Steria ranks among the sector’s leading firms in
the Norwegian market, in Sweden – where annual expenditure in IT
services is estimated at €6.5 billion – the Group has only had a
limited presence up until now.
Reaching a critical mass in Sweden would enable Sopra Steria to
consolidate its growth strategy in Scandinavia by boosting the
value of its offerings and leveraging revenue synergies in the
region.
This proposed transaction is subject to the usual conditions
precedent. If it is approved, Sopra Steria could consolidate Kentor
in its accounts in the 2nd half of 2017.
About Sopra Steria
Sopra Steria, a European leader in digital transformation,
provides one of the most comprehensive portfolios of offerings on
the market, spanning consulting, systems integration,
industry-specific software development, infrastructure management
and business process services. It provides end-to-end solutions to
address the core business needs of large companies and
organisations, helping them remain competitive and grow. Combining
added value with innovative high-performance services, Sopra Steria
excels in guiding its clients through their transformation projects
to help them make the most of digital technology. With over 40,000
employees in more than 20 countries, Sopra Steria generated revenue
of €3.7 billion in 2016.Sopra Steria (SOP) is listed on Euronext
Paris (Compartment A) – ISIN: FR0000050809For more information,
please visit our website: www.soprasteria.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170626005719/en/
Investor RelationsSopra Steria GroupOlivier
Psaume, +33 (0)1 40 67 68 16investors@soprasteria.comorPress
RelationsImage 7Simon Zaks, +33 (0)1 53 70 74
63szaks@image7.fr
Proshares Ultrashort Oil & Gas Exploration & Production (delisted) (AMEX:SOP)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Proshares Ultrashort Oil & Gas Exploration & Production (delisted) (AMEX:SOP)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024