The acquisition also involves VW Group continuing to outsource IT services to the unit for the next seven years in a deal worth 2.5bn euros ($3.0bn).
T-Systems was keen to stress the importance of the deal to its plans outside Germany, citing the fact that two-thirds of Gedas’s 5,500 employees and two-thirds of its annual revenue of 567m euros ($670m) are located outside the country.
With the acquisition of Gedas we confirm our international focus on designated growth markets, such as Spain, France, and Great Britain. We also strengthen our presence in important automobile markets in North America and Latin America as well as Asia, said Lothar Pauly, T-Systems’ CEO.
