Capgemini buys Dutch IT services group

by Editor 7/29/2008 3:55:00 PM
IT consulting group Capgemini has announced that it has agreed to acquire Dutch IT services group Getronics PinkRoccade's (GPR) Business Application Services BV (BAS) unit in the Netherlands. The deal was reportedly worth $400.4 million in cash and will be finalized by the end of the year.

BAS' sales totalled about 300 million euros in 2007. Capgemini's finance director Nicolas Dufourq said that the French consultancy expected to generate 10 million euros in synergies and add five percent to earnings per share next year.

Capgemini CEO Paul Hermelin added that the Netherlands was one of the most profitable markets for the firm.

"Through this acquisition, Capgemini will reinforce its leadership position in one of its key markets, while developing a portfolio of long-term applications management contracts in the public sector," he said.

Getronics is part of the Dutch telecommunications group KPN since last October. KPN said that it would keep the company's business operations in the Netherlands, Belgium, the UK and North America and sell its non-core units.

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