Logica has bought into the French market with the acquisition of Axime Ingenerie for #18.4 million. The deal will include the Benelux divisions of the group and gives Logica a long-awaited entry into the French market, said a spokesperson.
Axime Ingenerie was the systems integration and professional services division of Groupe Axime and will be renamed Logica SA after the acquisition. It has offices in 15 French municipalities as well as in Brussels and in Luxembourg.
Over 1,000 people will now work for Logica in these countries, servicing a number of high profile corporate businesses including Hewlett-Packard, the European Union, France Telecom, Aerospatiale and Banque Nationale de Paris.
Logica expects the company to make a positive contribution to its current financial year, according to the spokesperson. He said Logica had looked for a French presence for some time. Current Axime head Christian Chevalier will continue to oversee the business for Logica, reporting to Duncan Craig, a director of Logica PLC.
?Axime Ingenierie is a sound customer-orientated business with good profit potential,? said Craig. ?It will generate good returns for our shareholders in the medium term. We are confident that we can increase shareholder value by applying Logica?s project and business management methods to the company.?
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