Getronics, a leading international Information and Communications Technology (ICT) Company, announced today that as part of the Italian restructuring plan it has reached agreement with Banca Intesa to sell its minority shareholding (40%) in Caridata to the bank for approximately Euro 3.8 million cash proceeds, based on the net equity value of the company. Caridata provides information services (application management, outsourcing and facility management) to the Italian financial services market.
This disposal will lead to further portfolio focus in the Italian financial services sector and growing capabilities in delivering advanced financial services to the Italian banking system, starting with Banca Intesa.
About Getronics
With 23,000 employees in over 30 countries and forecast revenues of circa EUR 2.7 billion in 2003, Getronics is one of the world's leading providers of vendor independent Information and Communication Technology (ICT) solutions and services. Getronics today combines the capabilities of the original Dutch company with those of Wang Global, acquired in 1999, and of the systems and services division of Olivetti. Getronics is ranked second worldwide in network and desktop outsourcing and fourth worldwide in network consulting and integration (Source: IDC 2002-2003). Getronics designs, integrates and manages ICT infrastructures and business solutions for many of the world's largest global and local companies and organisations, helping them maximise the value of their information technology investments. Getronics headquarters are in Amsterdam, with regional offices in Boston and Singapore. Getronics’ shares are traded on Euronext Amsterdam (‘GTN’).
For further information about Getronics, visit www.getronics.com.