Sopra Steria Completes Acquisition of Galitt

Regulatory News:

Sopra Steria (Paris:SOP) (Euronext Paris: SOP), a European leader in digital transformation, announced today that it has completed its acquisition of Galitt, a consulting and solutions development firm in the payment systems and secure transactions market.

As stated in the 31 August 2017 press release announcing the proposed acquisition, Sopra Steria has acquired 88.2% of the shares and voting rights in Tecfit, the holding company of Galitt, which until now had been exclusively owned by its founder and long-term managers. A subsequent acquisition of minority stakes by Sopra Steria is envisioned for 2021 at the latest.

This acquisition strengthens Sopra Steria’s position in the banking vertical and will allow Galitt to step up its growth plans, both in France and internationally. In addition, Galitt will be able to leverage Sopra Steria’s vertical expertise to expand its scope of business to new sectors, including retail and transport, while generating substantial sales and revenue synergies with the Group’s various entities, and especially with Sopra Banking Software.

With 250 employees and over 400 clients, Galitt generated revenue of €30.8 million in 2016.

Galitt will be included in Sopra Steria’s scope of consolidation retroactively, at 1 November 2017.

About Sopra Steria

Sopra Steria, a European leader in digital transformation, provides one of the most comprehensive portfolios of offerings on the market, spanning consulting, systems integration, industry-specific solutions, infrastructure management and business process services. It provides end-to-end solutions to address the core business needs of large companies and organisations, helping them remain competitive and grow. Combining added value with innovative high-performance services, Sopra Steria excels in guiding its clients through their transformation projects to help them make the most of digital technology. With over 40,000 employees in more than 20 countries, Sopra Steria generated revenue of €3.7 billion in 2016.
Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) – ISIN: FR0000050809
For more information, please visit our website: www.soprasteria.com

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