Getronics Business Application Services BV Acquisition · 2017-08-22 · outsourcing and multi-year...

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Getronics Business Application Services BV Acquisition

Paris, July 25, 2008

| BAS Acquisition

© 2008 Capgemini - Tous droits réservés

External Announcement

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Capgemini extends its Outsourcing market shares in the Netherlands

Business Application Services (BAS) Transaction Highlights

� BAS, a leading position in the Netherlands in the provision of Application Development and Management business on every steps of the applications life cycle

� Complementary client based, notably in the Public sector and Insurance

� BAS operates stand-alone within Getronics PinkRoccade, a KPN subsidiary

� A €255M transaction

� 100% cash acquisition from own funds

� EPS accretive post amortization of intangibles from year 1

| BAS Acquisition



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� Strengthen Capgemini’sleadership in the Netherlands

� Leverage Capgemini offshore on BAS assets

� In line with the i3 transformation program Intimacy axis by investing onshore

� Enhance Capgemini repeatable business in the Netherlands by increasing proportion of outsourcing and multi-year engagements

� Significantly strengthen position and intimacy on the 20 major BAS clients, especially in Public sector

� Strong attractiveness of Capgemini, the European global IT company, for BAS employees and new recruits

� Optimization of infrastructure and overheads costs (conservative €10m p.a. estimate)

Transaction Rationale

Strong strategic fit High synergies

| BAS Acquisition



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BAS organization counts nearly 2200 employees and three business lines

CAMCustomer

ApplicationManagement

AS&PApplication Services &

projects

BDBusiness

Development

APS&CApplication

Professional Services & Consulting

Management and maintenance of customized legacy applications and standard applicationsServices are application management e.g. Applicatio n support and maintenance, application projects, testing and BPO

Leader in Application Support and Development for f inancial and governmental institutions in the Netherlands

Account management by business unit market sales, Consultancy including architecture, Business innova tion (strategy, innovation & marketing) and Sourcing & T ransition

Time & Material based consultancy BUSpecialised in Application Consultancy, Project Man agement and Information Process Improvement

1

2

4

3

| BAS Acquisition



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BAS realized nearly € 300 M with leading positions in public and finance

sectors

Public38%

Finance23%

Others39%

BAS REVENUE BREAKDOWN (2007)

BY SECTOR PER LINE OF BUSINESS

Customer Application Management

34%

Application Services and Projects37%

Application Professional

Services and

Consulting25%

Business Development

3%

Staff1%

•Insurance•Banking

•Industries•Transport

| BAS Acquisition



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The transaction reinforces Capgemini Netherlands top line

2007 REVENUES AND MARGINS REVENUES BY SECTOR

Revenues (€M)

Operating Margin (€M)

Operating Margin (%)

Capgemini NL BAS Combined

1,168 (*) 297 1,465

176 (*) 29 205

15.1% (*) 9.8% 14.0%

(*) Benelux

32%

38%

29%

29%

23%

32%

39%

39%

39%

Combined

BAS

Capgemini NL

Public Sector Finance Others

| BAS Acquisition



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Capgemini strengthens its clients portfolio

A B C D E F G H J K L P Q TSM RN OI

INCREASE IN REVENUE TOP CLIENTS

BAS Revenues

CAPGEMINI Revenues

Clients names

| BAS Acquisition



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Proposed timeline for the transaction

� Subject to EU antitrust approval� Expected closing before end of the year� Effective date 2008 July, 1st

August 10, 2008Expected answer from Workers council consultation

July 25, 2008Announcement and Notification of Workers council

JulyAnti-trust filing

July September Q4August

www.capgemini.com


Getronics Business Application Services BV Acquisition · 2017-08-22 · outsourcing and multi-year...

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