Delphi Group, the UK-based IT human resources consultancy, has made a FFr321 million (#3.4 million) investment in Groupe Decan, an IT services group based in Paris.
The investment is via a 25 per cent stake in GD, the holding company that owns 55 per cent of Groupe Decan.
Decan was founded in 1989 and offers IT systems and services including client/server, systems integration, communication and document management. Its customer base is in telecomms, aerospace, energy, services and transport, with customers such as Alcatel, France Telecom, Hewlett-Packard and Renault. In the year to June 1996, its revenues were FFr144.1 million (#15.5 million) while pre-tax profits were FFr15.5 million (#1.7 million).
Tony Reeves, chairman of Delphi, said the investment would ?give us a strong foothold in France and strengthen our senior management team". Reeves has been invited to join the board of Decan as a non-executive director.
Decan represents Delphi's first investment in a European organisation, and follows acquisitions this year in a UK training company and a US IT human resources firm.
Delphi provides IT recruitment services, systems consultancy, development and training and has offices throughout the UK, Europe and the US. In the UK it owns Computer People, The Span Consultancy, VNG Nationwide and Interskill TSC. Reeves said the investment does not signal Delphi moving away from the people business but adds more services to its business.
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