Getronics snaffles PinkRoccade
Print€338m Dutch buy-out
Posted in Financial News, 1st November 2004 12:56 GMT
Hitachi IT Operations Analyzer: 30-day free trial.
Brief The two biggest Dutch ICT service companies - Getronics and PinkRoccade - are to merge. Getronics will buy the outstanding shares of PinkRoccade, listed on Euronext Amsterdam, for €338m. The management board will be chaired by Klaas Wagenaar, existing chairman and CEO of Getronics.
The companies believe that the new combination will have a much stronger presence in the ICT services markets in the Benelux, the UK, Spain and Italy and in other continents, with annual revenues in excess of €3bn and a workforce of more than 29,000 operating in 30 countries. One-off savings are estimated at €35m to €45m.
The Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten), Euronext Amsterdam NV and the trade unions have been informed of the intended offer. ®
Related stories
Numbers don't add up for Telcos
Atos Origin: tough turnaround for Sema
PinkRoccade: heavy debts and other problems
Managing desktop software for fun and profit
Analyst Keynote: The Register Agile Data Center Summit
10 Steps to a Successful CRM Implementation
10 Strategies for Choosing a Midmarket ERP Solution
Enabling The Agile Data Center
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter