Capgemini acquires 100% of AIVE Group

Capgemini has announced the acquisition of 100% of AIVE Group enabling Capgemini to strengthen its application portfolio as well as its SaaS (Software as a Service) positioning and its market share in IT services in Italy. The operation will be done based on an enterprise value of EUR 42.9 million and will be financed by the Capgemini Group's net cash. The contract was signed under conditional approval by the Italian relevant anti-trust authorities. This transaction highlights the Group commitment to continue expanding in its traditional markets. 

Olivier Sevillia, CEO Application Services (Continental Europe) and member of Capgemini Executive Committee, said, "This acquisition will strengthen our market position centered on project-based, customized solutions with a set of pre-configured solutions; as an example, together with AIVE, we will become the leaders in Italy on Microsoft Dynamics and one of the leaders in implementations of SAP applications, with more than 450 dedicated professionals. This will enable our clients to benefit from a full range of alternatives to fit their needs. The integration of AIVE will consolidate our market position enabling further expansion in Italy, which is part of our present strategy."

Franco Mazza, CE, AIVE Group, said, "Joining Capgemini will enable us to benefit from the experience of a truly international Group with a solid delivery network, and to offer promising perspectives to our employees. We will combine our strengths to serve Italian clients with a wider portfolio of world-class services and respond to much bigger and more complex challenges they face."