Capgemini extends its outsourcing activities in Netherlands

Company Brief

Bangalore, July 30, 2008

Capgemini, one of the world’s leaders in consulting, IT services and outsourcing, has reached today an agreement in principle with Getronics PinkRoccade (GPR) for the acquisition of Getronics PinkRoccade Business Application Services BV (BAS BV). 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 finalized 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% of its revenues in this segment. 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 organizations, large State administrations and social security bodies as well as major players in the insurance and banking world.

“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,” underlines Paul Hermelin, CEO of Capgemini. “Moreover, this acquisition fits perfectly into both Capgemini's strategy and the Intimacy stream of our i3 conquest plan, which centers on industrialization, innovation and intimacy. This company has indeed skillfully tied in long-term relationships based on trust and proximity to numerous clients.”

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

“In the Netherlands we have the experience of successful acquisitions as, just like the Group as a whole, we are sensitive to the culture and aspirations of the employees who join us,” says Henk Broeders, who leads the Continental Europe and Asia Pacific Strategic Business Unit for Capgemini. “The BAS BV management team is behind this acquisition; which is also a guarantee of a smooth integration of the company into our Group.”

With a twenty-year presence in the Netherlands, Capgemini and its subsidiary Sogeti today have nearly 7,800 employees and in Benelux made €1,168 million in revenues in 2007. The acquisition of an outsourcing specialist in the public sector follows on from several commercial successes already brought in by the Group in the region with the signature of important contracts with, for example, NATO, the Ministries of the Economy and Defense in the Netherlands, the Dutch social insurance organization (UWV), the Central Judiciary Bureau of Tax Recovery in the Netherlands (Centraal Justitieel Incasso Bureau) and last year, the waterways management body in the Netherlands (Rijkswaterstaat).

Lazard and Rabo Securities are Capgemini’s advisors for this transaction. Clifford Chance and Latham and Watkins act as legal advisors to Capgemini.

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