IT services giant Cap Gemini Ernest & Young SA [CAPP.PA] is in the running to acquire the information technology services unit of ThyssenKrupp AG [TKAG.F], a deal that would double its size in the German IT services market.
The called, called Triaton, has approximately 2,200 employees and posted revenue of E350 million ($405 million) in fiscal year 2002. It provides IT services to the automotive, chemicals and manufacturing sectors.
Paris-based Cap Gemini Ernest & Young SA (CGE&Y) has made no secret of its German ambitions. It has been seeking companies to buy since the Ernst & Young acquisition in 2001.
In January 2003, it emerged that talks to establish a partnership between Deutsche Telekom’s [DT] T-Systems services unit and CGE&Y had broken down.
CGE&Y already has some of its largest outsourcing contracts in the German market, including an estimated $400 million 10-year project with German engineering firm Hochtief AG [HOTG.F], from which it took on 250 employees in July 2001.
Last month, it bid for French systems integrator Transiciel SA [TCIP.PA], with an offer worth E244 million euros ($284 million).
This article was based on material originally published by ComputerWire.