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Engineering Ingegneria Informatica SpA to Acquire T-Systems Italia SpA from T-Systems International GmbH

Friday, 8 Mar 2013 11:36am EST 

Engineering Ingegneria Informatica SpA announced that it has entered into an agreement for the acquisition of the entire share capital of T-Systems Italia SpA from T-Systems International GmbH. Engineering Ingegneria Informatica will pay a consideration of EUR 1, while T-Systems International GmbH will make a cash injection of EUR 42 million in T-Systems Italia's share capital. The transaction remains subject to the clearance of the Italian Antitrust authority and further closing conditions. The closing is expected to be occurring between the month of May and June 2013. Through this transaction, Engineering Ingegneria Informatica will acquire competences and capability of execution in IT systems environment as well as a portfolio of Italian and international clients which will be integrated in the group business model and in its Managed Operations offering. 

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20 Oct 2014