Sopra Steria: Proposed Acquisition of CIMPA SAS
By Business Wire News
By Business Wire News
Sopra Steria (Paris:SOP) (NYSE:SOP), a European leader in digital transformation, today announced the proposed acquisition of CIMPA SAS, an Airbus subsidiary specialising in Product Lifecycle Management (PLM). The completion of this proposed acquisition would strengthen the partnership links between the two Groups.
Acquiring CIMPA would enable Sopra Steria to bolster its positions in relation to major players in aerospace, transport and energy by capitalising on industry-specific expertise in the design and manufacturing of products and equipment as well as full lifecycle data management. The Group’s goal is to support its key accounts in their value creation process by ensuring digital continuity in areas ranging from industrial engineering to information systems.
In 2014, CIMPA’s revenue was about €100 million and it had 950 employees in Europe.
Sopra Steria Group would offer the company new development prospects while also diversifying its market opportunities, almost all of which so far have been in connection with its parent company. The known expertise of CIMPA’s teams would further enhance Sopra Steria’s ability to work on its clients’ core businesses while offering a comprehensive vision of their information systems and proposing solutions for the entire industrial value chain.
If the proposed acquisition were to be completed, which is subject to the usual conditions precedent, CIMPA could be included in Sopra Steria Group’s consolidation scope during the 2nd half of 2015. The acquisition price has not been made public.
About Sopra Steria
Sopra Steria, a European leader in digital transformation, has one of the most extensive portfolios of offerings available on the market, spanning consulting, systems integration, sales of industry-specific solutions and business process services. It also 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, innovative solutions and high-performance services, Sopra Steria excels in guiding its clients through their transformation projects, no matter how complex, and helping them make the most of digital technology. With more than 36,000 employees in 20 countries, Sopra Steria Group had pro forma revenue of €3.4 billion in 2014.
Sopra Steria Group (SOP) is listed on NYSE Euronext Paris (Compartment A) – ISIN: FR0000050809.
For more information, visit us at www.soprasteria.com
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