Sopra Steria Announces Plans to Acquire Tobania Strategic Strengthening in the Belgian Digital Services Market
Summary
Lode Peeters, Chief Executive Officer and joint shareholder of Assua NV, commented: “The planned tie-up between Tobiana and Sopra Steria brings us into a new phase of our development. It would enable us to expand our coverage of the Belgian market, accelerate our growth and provide even more value to our customers while offering attractive opportunities to our employees.” Michel Lorgeré, Chief Executive Officer of Sopra Steria Benelux, added: “I’m excited about the plan we have mapped out with Tobania. It’s an opportunity to carve out a new leading position in Belgium from two fast-growing companies with a wealth of culture and expertise that will complement each other effectively to cater to the Belgian market as a whole.” Cyril Malargé, Chief Executive Officer of Sopra Steria Group, commented: “This planned tie-up is perfectly aligned with our development strategy. It also ties in with our initiatives aimed at cultivating the entrepreneurial model that sets us apart.” The acquisition is subject to the approval of the Belgian Competition Authority and is currently expected to be finalised in the first quarter of 2023. It provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach.
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