Orange to Buy Majority Stake in Consulting Firm Business & Decision
October 26 2017 - 4:34AM
Dow Jones News
By Marc Navarro Gonzalez
Orange SA (ORA.FR) said on Thursday that it has signed an
agreement to buy a majority stake in French consulting firm
Business & Decision (BND.FR) in a deal that values the company
at 62.5 million euros ($73.6 million).
The French telecommunications company said it would acquire 64%
of the capital of Business & Decision in order to accelerate
its data intelligence services for enterprises. Orange said the
acquisition would be made in cash and that it will offer Business
& Decision shareholders 7.93 euros a share.
Once the acquisition is closed, Orange will file a proposed
simplified takeover bid for the remaining shares of Business &
Decision, also at EUR7.93 per share, the company said. The deal was
first proposed in May.
Business & Decision is a Paris-based consulting and systems
integration group which specializes in business intelligence and
customer relationship management.
"The acquisition of Business & Decision will strengthen our
knowledge of our customers' businesses, a key lever for
accelerating the digital transformation of our enterprise
customers," said Thierry Bonhomme, deputy chief executive officer
of the Orange Group responsible for Orange Business Services.
The deal is subject to the approval of the relevant competition
authorities and is expected to close in early 2018.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
October 26, 2017 05:19 ET (09:19 GMT)
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