Sopra Steria Finalises the Acquisition of Tobania, a Belgian Digital Consultancy and Services Company

Rhea-AI Summary

Sopra Steria (Euronext Paris: SOP) has completed the acquisition of Assua NV and its subsidiaries, Tobania NV and Python Predictions BV, initially announced on 17 November 2022. This strategic move positions Sopra Steria as a key player in the Belgian digital services market, enhancing its presence in both French- and Dutch-speaking regions. The acquisition is expected to double Sopra Steria's market share, contributing to combined revenues exceeding €200 million and generating significant commercial and operational synergies. Assua NV was included in the group's consolidation on 1 March 2023.

Positive

• Acquisition of Assua NV and subsidiaries enhances Sopra Steria's position in the Belgian digital services market.
• Expected to double market share, leading to combined revenues over €200 million.
• Unlocks significant commercial and operational synergies.

Negative

• None.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Sopra Steria (Euronext Paris: SOP)  (Paris:SOP), a European tech leader, has finalised the acquisition of Assua NV and its operating subsidiaries, Tobania NV and Python Predictions BV. The proposed acquisition had been announced on 17 November 2022.

This acquisition establishes the Group in a leading position in the Belgian digital services market, considered strategic in Europe in light of its market potential and the presence of European institutions. This highly complementary tie-up would expand the Group’s coverage of the Belgian market (French- and Dutch-speaking areas), double its market share to make it one of the main market players (with combined revenue of more than €200 million), and unlock commercial and operational synergies.

Assua NV was added to Sopra Steria’s scope of consolidation on 1^st March 2023.

About Sopra Steria

Sopra Steria, a European leader in the field of technology, renowned for its consulting, digital services and software development, helps its clients drive their digital transformation and obtain tangible and sustainable benefits. It provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to putting digital to work for its clients in order to build a positive future for all. With 50,000 employees in nearly 30 countries, the Group generated revenue of €5.1 billion in 2022.
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Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) – ISIN: FR0000050809
For more information, visit us at www.soprasteria.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230302005645/en/

Investor Relations

Olivier Psaume

olivier.psaume@soprasteria.com

+33 (0)1 40 67 68 16

Press Relations

Caroline Simon (Image 7)

caroline.simon@image7.fr

+33 (0)1 53 70 74 65

Source: Sopra Steria

FAQ

What is the significance of Sopra Steria's acquisition of Assua NV?

The acquisition positions Sopra Steria as a key player in the Belgian digital services market with enhanced market share and synergies.

When was the acquisition of Assua NV finalized?

The acquisition was finalized on 1 March 2023.

How much revenue will the combined companies generate?

The combined revenue is expected to exceed €200 million.

What are the expected benefits of Sopra Steria's acquisition?

The acquisition is expected to unlock significant commercial and operational synergies, enhancing competitiveness.