BT has announced today it has submitted a binding offer to CS Communication & Systèmes, a French IT systems and network services provider, to acquire its Mission Critical Infrastructures division for up to €60 million. The consideration will be paid in cash. The division provides its’ corporate and public sector clients with a range of IT services for building and maintaining IT infrastructures including consulting, network integration, insourcing, outsourcing and data centre services.
The division employs approximately 1,400 people and made €137.7 million revenue in 2006.
Both BT and CS Communication & Systèmes will now commence consultation with the representatives from the works councils. The completion of the transaction is subject to, amongst other matters, merger and other regulatory clearances. CS Communication & Systèmes has granted BT exclusivity until 30 November 2007 in order to complete the transaction.