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New Deal


Announced

Completed

Sopra Steria completed the acquisition of Sodifrance for €62m.

Financials

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Transaction Value£51m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.6x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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France

IT Services: Other

it services management

Public

Majority

Acquisition

Single Bidder

Friendly

Completed

Domestic

Synopsis

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Sopra Steria, a European provider of consulting, digital services and software development, completed the acquisition of Sodifrance, a French IT service management company, for €62m ($67m). "The strategic tie-up of Sodifrance with Sopra Steria brings us into a new phase in our development, with an ambitious business plan that will let us offer even more value to our clients and bright prospects to our employees as part of a new group that shares our core human values. I am convinced that our solutions for modernising legacy applications and migrating data will be a resounding success with the clientele of this European leader," Franck Mazin, Sodifrance Chairman.

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