Capgemini, a provider of consulting, technology and outsourcing services, has acquired the German IT-Services company CS Consulting from LRPC, a fund managed by Sud Beteiligungen (a subsidiary of Landesbank Baden-Wurttemberg).
The acquisition will strengthen Capgemini’s market share in IT services for local banking clients and accordingly strengthens its presence in IT Services market.
CS Consulting is focused on German banking and insurance industry and specialises in the migration of core banking systems, and the implementation of business intelligence systems.
By integrating CS Consulting to its German operations, Capgemini strengthens its position as a partner for banks benefiting from CS Consulting’s recognised capabilities for big and complex application development and maintenance engagements.
CS Consulting CEO Berndt Blumenthal said joining Capgemini would enable them to benefit from the experience of a truly international Group with a solid delivery network, and to offer promising perspectives to their employees.