French IT services provider Unilog SA has signed a letter of intent to acquire Frankfurt, Germany-based Avinci AG, a medium-sized systems integrator and consultancy that will significantly boost Unilog’s presence in the German market.
Avinci will take 380 staff to Paris-based Unilog, boosting the company’s German workforce to 700. Unilog, which claims to have been in profit since its founding in 1998, reported a pre-tax profit of 4.2m euros ($5.2m) on revenue of 41.5m euros ($51.5m) in 2003. Terms of the deal were not disclosed.
Unilog claims that Avinci’s position in the automotive, banking, insurance, chemicals, pharmaceutical and telecommunications sectors, will fit well with its own focus in Germany on public services, utilities, distribution (retail), and the media. The merger will create a profitable company with net sales of about 90m euros ($11.7m), according to a Unilog statement.
The acquisition is part of Unilog’s strategy to become a leading European IT services provider, and follows its acquisition of Manchester, England-based Mezenet Ltd, a business intelligence and SAP consultancy with clients such as Unilever, Novartis, and BBC Worldwide, and revenue of about 3m pounds ($3.7m).