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Capgemini to set foot in Netherlands

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CIOL Bureau
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BANGALORE, INDIA: Capgemini, one of the world’s leaders in consulting, IT services and outsourcing, has reached at an agreement in principle with Getronics PinkRoccade (GPR) for the acquisition of Getronics PinkRoccade Business Application Services BV (BAS BV).

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This division regroups GPR’s applications services activities (applications development, maintenance and management) in the Netherlands. Through this acquisition, Capgemini will reinforce its leadership position in one of its key markets, while developing a stable portfolio of long-term applications management contracts in the public sector.

This acquisition amounts to an equity value of €255 million paid in cash on Capgemini own resources. The transaction should be finalised by the end of the year, subject to the approval of the European Commission and to the consultation of the relevant workers council.

BAS BV had a turnover of close to €300 million in 2007 and employs 2,200 professionals working on more than 600 projects. Specializing in applications services, BAS BV is one of the leading player in the Dutch public sector IT services market, with 40 percent of its revenues in this segment.

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BAS BV is one of the only companies to offer services connected to the whole applications lifecycle, from applications management consulting (support and maintenance), to project development, integration and implementation. Among its main clients, BAS BV counts some major names in the Dutch public sector such as planning organisations, large state administrations and social security bodies as well as major players in the insurance and banking world. 

Paul Hermelin, CEO of Capgemini, said: “The strong synergies which exist between BAS BV and Capgemini open up some great windows on a longstanding market which is also one of the group’s most profitable. Moreover, this acquisition fits perfectly into both Capgemini’s strategy and the intimacy stream of our i3 conquest plan, which centres on industrialisation, innovation and intimacy. This company has indeed skillfully tied in long-term relationships based on trust and proximity to numerous clients.”

Erik van der Meijden, CEO, Getronics, said: “This venture will bring about a stability, to both clients and BAS employees, of a large-scale multinational group in our areas of expertise, which is also strongly implicated and recognised in the Dutch market. Besides, we also share a common customer service culture and values with Capgemini.”