Comprehensive M&A data with integrated detailed company information
BT plans to offload French operations to Computacenter
Posted on Tuesday, 24 March 2020 12:24
BT has entered into exclusive negotiations with Computacenter to divest its operations in France as part of its ongoing transformation plans.
The company said the deal is subject to consultations with works councils over a minimum period of two months.
In addition, the process will adhere to any further French government guidance issued as a result of the coronavirus pandemic.
Financial terms of the potential deal were not disclosed, and the transaction is expected to complete by the end of 2020.
BT’s domestic French operations include management and maintenance of information technology and network infrastructure, as well as networking and related professional services.
The planned sale is part of the company’s plans to sharpen its focus on delivering next-generation networking, cloud and security services to multinational organisations.
In France, BT generated total revenue of GBP 104.00 million in the year ended March 2019, which would strengthen Computacenter’s position in the market and increase the number of its major domestic customers in the country.
The broadband and telecommunications provider plans to retain a strong presence in the area, serving multinational businesses and organisations, including access points to its global network and cyber security operations centre.
Bas Burger, chief executive of BT, said: “With this agreement we are close to reaching another milestone in the execution of our strategy to make BT Global a more agile business focused on the growing requirements of our multinational customers.
“I believe this agreement will prove a key step forward for our customers, for our people and for BT.”
Computacenter’s counterpart Mike Norris added: “This planned acquisition represents a small increase in our current revenues in France, which totalled EUR 644.70 million in 2019.
“The current coronavirus pandemic shows the importance of secure and reliable networks to our customers and this deal would significantly strengthen our existing French business in this growth area.
“It would bring our customer offering in France closer to the broader portfolio in our larger European markets, providing a strong foundation for our continued long-term growth.”
© Zephus Ltd