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Sopra Steria, a European big tech firm, in collaboration with IDEMIA, the leader in identity technologies, has secured a contract to revamp the French government's fingerprint management system, crucial for criminal investigations and convictions. This project, FAED V3, aims to enhance system performance and interoperability with EU police systems, boosting law enforcement capabilities. Sopra Steria's expertise in software and contract services, combined with IDEMIA's biometric software development, promises a robust and high-performance solution.
Their successful past collaborations on strategic projects highlight their unrivaled biometric know-how. This new endeavor underscores their commitment to supporting French government departments and advancing law enforcement technologies. With a workforce of around 55,000 employees across nearly 30 countries, Sopra Steria specializes in consulting, digital services, and software development, driving digital transformation for clients worldwide.
On the other hand, IDEMIA, as the global leader in identity technologies, endeavors to unlock the world safely through cutting-edge R&D and expertise in biometrics and cryptography. With a focus on ethical and socially responsible solutions, IDEMIA secures billions of interactions daily across physical and digital realms. The company's impact spans over 180 countries, trusted by numerous governmental organizations and enterprises.
Ordina and Sopra Steria jointly announced an update on their intended public offer for all ordinary shares in Ordina. This follows a prior announcement of a cash offer at EUR 5.75 per share. The companies are progressing well in preparing the Offer Memorandum, which is expected to be submitted to the Dutch Authority for the Financial Markets by the end of May 2023. They also seek clearance from the European Commission, with expectations to secure it in line with the Offer timetable. Furthermore, Sopra Steria confirmed it can fully fund the offer through its cash resources and an undrawn EUR 1.1 billion Revolving Credit Facility. The Offer is anticipated to close in the second half of 2023.
Sopra Steria Group announced the total number of shares and voting rights in compliance with the French Commercial Code. As of 27 March 2023, the company has a total of 20,547,701 shares. The theoretical number of voting rights stands at 26,508,198, while 26,289,275 voting rights can be exercised. This information comes ahead of the general meeting scheduled for 24 May 2023.
Sopra Steria Group has reported its share and voting rights figures as of March 31, 2023, adhering to French regulatory requirements. The total number of shares is 20,547,701, with a theoretical number of voting rights reaching 26,506,454. The number of voting rights that can be exercised stands at 26,291,654. This information is provided in line with the stipulations of the French Commercial Code and the regulations of the French financial markets authority.
For more details, the original French press release serves as the binding text in case of discrepancies in interpretation.
Sopra Steria has reached a conditional agreement for an all-cash public offer for Ordina shares at EUR 5.75 each, marking a 36% premium over the March 14 closing price and a total valuation of approximately EUR 518 million. The deal aims to strengthen Sopra Steria's position in the BeNeLux IT consulting market, enhancing digital capabilities and operational efficiency. Ordina's CEO will lead the combined operations, with expectations of EPS accretion of +1.2% in 2024 and +3.7% in 2025. Support from Ordina's major shareholders and management is confirmed, with the transaction expected to be completed by Q4 2023.
2022 Universal Registration Document Annual Financial Report was registered with the Autorité des Marchés Financiers on
The document serves as a key resource for understanding Sopra Steria's performance and plans within the financial year.
FAQ
What is the significance of the FAED V3 project for the French government?
What are Sopra Steria and IDEMIA's roles in the FAED V3 project?
What previous successful projects have Sopra Steria and IDEMIA collaborated on?
What does Sopra Steria specialize in?
What is IDEMIA's mission as a company?
How many employees does IDEMIA have, and where is it trusted?
What is the core focus of IDEMIA's technologies?
Where can more information about Sopra Steria and IDEMIA be found?
What role does Sopra Steria play in developing the French fingerprint management system under the FAED V3 project?
What strategic advantages do Sopra Steria and IDEMIA's collaboration bring to the FAED V3 project?
