Regulatory News:
In line with the announcement made on June 14, 2011, Capgemini
(Paris:CAP), one of the world’s foremost providers of consulting,
technology and outsourcing services, has now finalized its acquisition
of Prosodie, the multi-channel services operator. The process of
informing and consulting with employee representatives has been
completed, and the authorization of the French competition authorities
obtained. The transaction, based on an enterprise value of €382 million,
is being financed in cash from the Group’s net cash balance and will
enable Capgemini to enter the high-value-added front-office transaction
solutions market. Prosodie will form part of Capgemini’s New Business
Model (NBM) service line, the aim of which is to develop services based
on proprietary solutions invoiced on a pay-as-you-go basis.
Prosodie proposes to its clients all-in-one, innovative solutions
covering all aspects of the multi-channel client relationship and
prepayment – both areas in which the company is the leader in France –,
as well as the payment and hosting of services that are highly secure
and available 24/7. Prosodie counts 861 team members and is underpinned
by a solid R&D capacity. The company is present in France, Spain, and,
more recently, in Belgium and Italy. In 2010, it reported consolidated
revenues of €172.3 million and a 15.9% operating margin (EBIT)1.
More recently, Prosodie strengthened its position on the Internet
applications hosting market with the announcement, at the end of May, of
the acquisition of two companies: Internet-Fr in France and LevelIP in
Italy. It also entered into negotiations in July with the shareholders
of French company Backelite, the leader in the area of Internet
applications for mobile phones and tablets, to acquire 100% of this
company’s capital.
For Paul Hermelin, Capgemini Vice-Chairman and CEO: "This acquisition
represents a new step in our solutions development strategy. It enables
us to complete the Group’s portfolio while increasing our added value.
In addition, in integrating the New Business Models service line set up
for this very reason, Prosodie will be a perfect fit with Capgemini.”
The acquisition is accretive to Capgemini’s operating margin. It will
also be accretive to net earnings per share – excluding operating
synergies – of at least 3% in 2011 and around 4% in 2012.
1 adjusted to exclude free share charges for the year
(published operating margin amounts to 15.3%).
About Capgemini
With around 115,000 people in 40 countries,
Capgemini is one of the world's foremost providers of consulting,
technology and outsourcing services. The Group reported 2010 global
revenues of EUR 8.7 billion. Together with its clients, Capgemini
creates and delivers business and technology solutions that fit their
needs and drive the results they want. A deeply multicultural
organization, Capgemini has developed its own way of working, the
Collaborative Business ExperienceTM, and draws on Rightshore
®, its worldwide delivery model.
Learn more about us at www.capgemini.com.
Rightshore® is a trademark belonging to
Capgemini
Forward Looking Statements
This press release
contains forward-looking statements with respect to Capgemini’s
financial condition, results of operations, business, strategy and
plans. Although Capgemini believes that such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees
of future performance. Actual results may differ materially from the
forward looking statements as a result of a number of risks and
uncertainties, many of which are outside our control, including but not
limited to the risks regarding antitrust and regulatory approval as well
as the risks described in the documents Capgemini has filed with the
Autorité des Marchés Financiers (French securities regulator) and which
are also available in English and French on our website (www.capgemini.com).
Investors and security holders may obtain a free copy of the documents
filed by Capgemini with the Autorité des Marchés Financiers at www.amf-france.org,
or directly from Capgemini.
The present forward-looking
statements are made as of the date of this presentation and Capgemini
did not disclaim any intention or obligation to provide, update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
