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July 16, 1990

SD-SCICON GIVES UP ON GERMANY, SELLS TO CAP GEMINI

By CBR Staff Writer

Whenever a computer services business runs into trouble in Europe, Cap Gemini Sogeti SA is there to pick up the pieces, and it was the turn of SD-Scicon Plc to add further to the French company’s interests yesterday, when it announced that it was selling its big – but loss-making – SCS Scientific Control System GmbH business to Cap Gemini. The unit lost UKP1.8m on turnover of UKP43.6m in 1989, and has been finding it difficult and expensive to re cruit skilled people to help it pur sue its regional expansion. Cap Gemini is paying UKP26.6m and assuming debt of UKP12.6m so that the sale imp roves SD-Scicon’s net cash position by about UKP39m. SD had planned to concentrate on Europe, but is now confined to the UK and France – plus the vehicle testing unit in the US.

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