Sopra Steria plans acquisition of it-economics

Sopra Steria (Euronext Paris: SOP), a leading European provider of digital transformation, plans to acquire it-economics, a leading German IT consultancy for the financial services and energy industries.

Sopra Steria plans to acquire 100 percent of the shares of it-economics. The German consulting company it-economics has gained excellent reputation for IT consulting and individual software development and has received several awards for it. The company specializes in digital transformation, agile development and coaching, cloud services and the management of complex IT projects. Over the 15 years since its inauguration, it-economics has been able to build long-standing, successful and trusted relationships with well-known customers in the banking, insurance and energy sectors. In 2017, after years of successful growth, it achieved a total turnover of approx. 20 million euros.

TORSTEN KLEIN, CEO, IT-ECONOMICS

With the planned acquisition, Sopra Steria intends to accelerate the successful development in Germany once again: it is helping to further expand its position as a leading provider of digital transformation among customers in the German market.

"As part of the Sopra Steria Group, we will be an even better partner to our customers in their upcoming digitization and agility projects," commented Torsten Klein, CEO of it-economics, pleased with the upcoming merger.

The announced acquisition is subject to the usual antitrust closing conditions.

it-economics GmbH

it-economics develops digitization concepts and guides companies on the way to agility. The service portfolio includes solutions and services along the entire value added chain of classic and agile IT management: from training and coaching, IT strategy and architecture consulting to implementation, rollout and maintenance. The specially developed IT³ concept guarantees the use of suitable management methods, up-to-date technologies and specific expertise. A particular focus of it-economics is on companies from the financial and energy sectors. The IT consultancy, founded in 2003, currently employs around 150 people at its headquarters in Munich, in Bonn, Dusseldorf, Frankfurt, Hamburg, Karlsruhe and Münster, as well as in Sofia, Bulgaria and Zurich, Switzerland.

Sopra Steria Consulting

As a leading European provider of digital transformation, Sopra Steria offers one of the most comprehensive portfolio of end-to-end services on the market: consulting, systems integration, software development, infrastructure management and business process services. Companies and authorities rely on Sopra Steria's expertise to successfully implement complex transformation projects that address business-critical challenges. By combining quality, performance, value and innovation, Sopra Steria enables its customers to make the most of information technology. With around 42,000 employees in more than 20 countries, Sopra Steria achieved sales of € 3.8 billion in 2017.