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Provider: Wright Reports
Provider: Reuters Investment Profile

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GFI Informatique SA Acquires Addstones Consulting

Tuesday, 17 Sep 2013 01:00am EDT 

GFI Informatique SA announced that it has acquired 100% of the capital and voting rights of Addstones Consulting. With a workforce of 136, Addstones Consulting provides comprehensive and unit-based consulting and technical assistance services exclusively for French and international banks. Its revenues, asset management and investor services are expected to be approximately EUR13 million in 2013. Through this transaction, the Company increases its activity in investment banking sector. By combining Addstones Consulting and Vanilla, GFI Informatique SA will have a workforce of almost 250 people to serve customers in the CIB segment. Financial terms of the acquisition were not disclosed. 

Company Quote

-0.07 -1.13%
8:55am EST