Sogeti acquires 100% of the FuE Group

Sogeti Group focuses on international expansion through acquisition of high value added companies specializing in strategic niche areas to gain an edge on local competitors

Paris/Hamburg 2006 08 17 –Sogeti, a leader in IT services and R&D Outsourcing and wholly owned subsidiary of the international Capgemini Group, today announced the acquisition of FuE Group and expansion of its German HT operations.

The transaction is subject to approval by the German Federal Cartel Office.
“We are very happy to share competences and to join Sogeti who will help us implement our strategic growth plans across Europe and beyond” said Yvonne Schulz, Managing Director of FuE who will also continue to lead the Sogeti HT Group in Germany after the transaction. “Based on our projections for large international clients we see excellent future business opportunities boosted by the international expertise and reputation of Sogeti and the Capgemini Group. The investment of Sogeti fortifies our strong current market position and client base, and we look forward to jointly developing future growth prospects in today’s rapidly changing market.”

Luc François Salvador, CEO of the Sogeti Group, added: “This acquisition reaffirms the company’s commitment to increasing our presence both worldwide and in the largest European market and strengthening our position in the largest account on aeronautic field, especially its subsidiary, the well-known European airframe manufacturer(one of our strategic accounts) We believe that we will greatly benefit from the expertise of the FuE team and their long-term client relationships through our High Tech Consulting division (€165 m revenues for 2005 with 2300 staff) which focuses on Product-life management, embedded systems design, Technical IT, and Scientific studies.

About the FuE Group

FuE Group (FuE-Future Engineering GmbH, FuE-Future Engineering & Consulting GmbH and Computer Konzept GmbH) is a leading engineering and consulting firm in the aerospace industry. The main focus is service on conceptional drafts and complex design tasks, as well as structural and kinetic analyses.

Its service offerings include primary structures, secondary structures, drawing derivations, digital mock-up, space allocation mock-up, virtual reality, feasibility studies, flight test installation and FEM analyses. The FuE group is headquartered in Hamburg with offices in Bremen, Baden-Baden and Toulouse and has approximately 250 employees and realised € 19.3m revenues in 2005.

FuE’s shareholder was advised by goetzpartners Corporate Finance, Munich (M&A) and Taylor Wessing, Dusseldorf (legal).