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BT to acquire French IT company |
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Tuesday, 07 August 2007 |
British Telecommunications has submitted a binding offer to CS Communication & Systèmes, a French IT systems and network services provider, to acquire its Mission Critical Infrastructures division for up to €60mn. The consideration will be paid in cash. The division provides its corporate and public sector clients with a range of IT services for building and maintaining IT infrastructures including consulting, network integration, insourcing, outsourcing and data centre services.The division employs approximately 1,400 people and made €137.7mn revenue in 2006. Both BT and CS Communication & Systèmes will now commence consultation with the representatives from the works councils. The completion of the transaction is subject to, amongst other matters, merger and other regulatory clearances. CS Communication & Systèmes has granted BT exclusivity until 30 November 2007 in order to complete the transaction.
www.bt.com |
