View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 7, 1995

SEMA TALKS TO ACQUIRE CISI ARE SERIOUS BUT FAR FROM CONCLUDED, SAYS BONELLI

By CBR Staff Writer

Sema Group Plc said its negotiations with CEA-Industrie subsidiary Cisi SA involve the acquisition of 100% of Cisi’s share capital, but exclude its Spanish subsidiary. Pierre Bonelli said the deal was far from being concluded. The acquisition, which Sema will finance from its own resources, is contingent on the satisfactory completion of a due diligence programme, the approval of the French privatisation committee and a reorganisation of Cisi’s activities. Without committing to a date, Bonelli said that, short of any bad surprises, the work should be completed before the end of the year. It’s a big company, this takes time, he said. Sema is not interested in Cisi’s Spanish subsidiary because they are concentrated on software products: we got out of that and we’re not getting back in to it. Sema said the Atomic Energy Commission was expected to remain an important Cisi customer, contributing about 20% of revenues. Sema and CEA-I are also negotiating establishment of a joint venture in space, defence and facilities management, which would be set up only if the acquisition goes through, Bonelli said. We have great synergy with Cisi, especially in the areas of space and defence. There is also their facilities management activity, but the first two were our principal motivations, he said.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU