Eschborn, Germany-based SESA has about 600 employees, and net sales are expected to reach E67 million ($89.7 million) in 2004. 70% of this revenue comes from the telecom industry, where its main customers include Siemens, Nokia and Alcatel. The remaining 30% comes from R&D services for the automotive and manufacturing investors
The purchase is the latest, and biggest, in a string of recent acquisitions by Espoo, Finland-based TietoEnator, which has been looking to bolster its market share in key verticals such as telecoms, financial services and healthcare.
While most of the companies acquired have been based in the Nordic region, TietoEnator has also purchased a number of German companies, including adfincon, a subsidiary of Hypo- und Vereinsbank AG, and IT consultancy firm Inveos AG.
Upon completion of this latest purchase, TietoEnator will have over 4,000 employees in its telecoms division.
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