getronics business application services bv acquisition · 2017-08-22 · outsourcing and multi-year...
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Together. Free your energies
Getronics Business Application Services BV Acquisition
Paris, July 25, 2008
| BAS Acquisition
© 2008 Capgemini - Tous droits réservés
External Announcement
2
Together. Free your energies
Capgemini extends its Outsourcing market shares in the Netherlands
Business Application Services (BAS) Transaction Highlights
� BAS, a leading position in the Netherlands in the provision of Application Development and Management business on every steps of the applications life cycle
� Complementary client based, notably in the Public sector and Insurance
� BAS operates stand-alone within Getronics PinkRoccade, a KPN subsidiary
� A €255M transaction
� 100% cash acquisition from own funds
� EPS accretive post amortization of intangibles from year 1
| BAS Acquisition
© 2008 Capgemini - Tous droits réservés
External Announcement
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Together. Free your energies
� Strengthen Capgemini’sleadership in the Netherlands
� Leverage Capgemini offshore on BAS assets
� In line with the i3 transformation program Intimacy axis by investing onshore
� Enhance Capgemini repeatable business in the Netherlands by increasing proportion of outsourcing and multi-year engagements
� Significantly strengthen position and intimacy on the 20 major BAS clients, especially in Public sector
� Strong attractiveness of Capgemini, the European global IT company, for BAS employees and new recruits
� Optimization of infrastructure and overheads costs (conservative €10m p.a. estimate)
Transaction Rationale
Strong strategic fit High synergies
| BAS Acquisition
© 2008 Capgemini - Tous droits réservés
External Announcement
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BAS organization counts nearly 2200 employees and three business lines
CAMCustomer
ApplicationManagement
AS&PApplication Services &
projects
BDBusiness
Development
APS&CApplication
Professional Services & Consulting
Management and maintenance of customized legacy applications and standard applicationsServices are application management e.g. Applicatio n support and maintenance, application projects, testing and BPO
Leader in Application Support and Development for f inancial and governmental institutions in the Netherlands
Account management by business unit market sales, Consultancy including architecture, Business innova tion (strategy, innovation & marketing) and Sourcing & T ransition
Time & Material based consultancy BUSpecialised in Application Consultancy, Project Man agement and Information Process Improvement
1
2
4
3
| BAS Acquisition
© 2008 Capgemini - Tous droits réservés
External Announcement
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BAS realized nearly € 300 M with leading positions in public and finance
sectors
Public38%
Finance23%
Others39%
BAS REVENUE BREAKDOWN (2007)
BY SECTOR PER LINE OF BUSINESS
Customer Application Management
34%
Application Services and Projects37%
Application Professional
Services and
Consulting25%
Business Development
3%
Staff1%
•Insurance•Banking
•Industries•Transport
| BAS Acquisition
© 2008 Capgemini - Tous droits réservés
External Announcement
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The transaction reinforces Capgemini Netherlands top line
2007 REVENUES AND MARGINS REVENUES BY SECTOR
Revenues (€M)
Operating Margin (€M)
Operating Margin (%)
Capgemini NL BAS Combined
1,168 (*) 297 1,465
176 (*) 29 205
15.1% (*) 9.8% 14.0%
(*) Benelux
32%
38%
29%
29%
23%
32%
39%
39%
39%
Combined
BAS
Capgemini NL
Public Sector Finance Others
| BAS Acquisition
© 2008 Capgemini - Tous droits réservés
External Announcement
7
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Capgemini strengthens its clients portfolio
A B C D E F G H J K L P Q TSM RN OI
INCREASE IN REVENUE TOP CLIENTS
BAS Revenues
CAPGEMINI Revenues
Clients names
| BAS Acquisition
© 2008 Capgemini - Tous droits réservés
External Announcement
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Together. Free your energies
Proposed timeline for the transaction
� Subject to EU antitrust approval� Expected closing before end of the year� Effective date 2008 July, 1st
August 10, 2008Expected answer from Workers council consultation
July 25, 2008Announcement and Notification of Workers council
JulyAnti-trust filing
July September Q4August
www.capgemini.com
Together. Free your energies
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