Computer Sciences Corp has expanded its European presence with the acquisition of Informatica Group SpA, a Turin-based information technology consultant and systems integration company. Financial terms of the deal were not disclosed. CSC says that the newly-acquired unit, which saw revenues of $30m in 1998, will become part of its European Group, headquartered in Farnborough, UK. The business is said to provide a full range of IT services to the Italian banking, industrial, telecom and insurance markets and employs 500 people at three main locations in Turin, Milan and Rome. It numbers Fiat, Esso, Telecom Italia and the Italian Ministry of Defense among its customers. The Informatica deal follows a host of other European acquisitions by CSC at the end of last year, including those of Paris-based KPMG Peat Marwick SA, German company Pergamon Gesellschaft fur angewandte Informatik mbH, and SYS-AID, based in the Netherlands.
Content from our partners
