AREVA and Capgemini strengthen their partnership
GROUP / EURIWARE
May 07, 2014
- Signature of a € 1 billion, 10 years IT services contract
- Finalization of the acquisition of Euriware by Capgemini
AREVA and Capgemini finalized today a commercial partnership covering a large outsourcing and systems integration contract of € 1 billion over 10 years and the acquisition of Euriware and its subsidiaries by the Capgemini Group (acquisition completed today).
Euriware, a French company founded in 1991, has 1,900 employees and revenues of € 220 million; Areva is its largest client representing over 50% of revenues. Euriware offers outsourcing and systems integration services as well high value added industrial engineering and information security systems to clients in the energy, manufacturing and defense sectors.
With Capgemini, Euriware is joining a global leader in IT services. This acquisition is based on an ambitious industrial and social plan consistent with the economic interests of both parties including a commitment on employment and geographic locations.
This partnership allows Areva to rely on Capgemini, a global leader, to accompany it in the management and transformation of its information systems, while offering the highest level of performance and security.
Capgemini expands its service offerings with security managed services, strengthens its engineering and industrial IT services (e.g. PLM), and reaffirms its leadership in the energy sector.
Luc Oursel, CEO of AREVA, said: "This partnership helps secure the future development of Euriware and its employees. It was made possible by a high quality dialogue between the social partners, Areva and Capgemini. This operation will help us improve the performance of our IT systems."
For Paul Hermelin, CEO of Capgemini: "We are delighted to expand our partnership with Areva and integrate new capabilities and teams within Capgemini. We are strengthening our leadership in France, our first and historic market."
NB from Capgemini:
Capgemini confirms that following this acquisition, its financial targets for 2014 remain unchanged including its operating margin and "organic free cash flow” objectives.
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