France-based IT services provider Capgemini has agreed to acquire Czech Republic-based IT services and consulting company Empire and its subsidiary Sophia Solutions for an undisclosed sum.
Empire provides application development, systems integration, internet portal creation, and security services, while Sophia provides IS applications for management and decision-making support, as well as BI and data warehousing products and services.
Upon completion of the transaction, Michal Kavale, majority shareholder and chief executive at Empire, will join the top management of Capgemini Czech Republic.
The company said the acquisition, which is expected to be completed by the end of the year, will expand its consulting and IT services capacity in the Czech Republic with the addition 165 employees, bringing the total in the country to approximately 230.
Peter Laggner, chief executive of Capgemini Eastern Europe, said: This acquisition represents a significant step forward for Capgemini in our strategy to accelerate growth in our core Eastern European countries. These companies enhance our technology services capabilities in our consulting-oriented practice in the Czech Republic.