BT offloads French IT division

Date: Friday 01 Jun 2012

Telecoms giant BT Group has sold its application development services business in France to the Paris-listed IT services company, Osiatis.

The division employs around 100 employees, 80% of which are engineers and experts in Java J2EE and Microsoft.Net development, according to Osiatis.

In a brief statement, BT said that the sale "allows BT Global Services in France to focus further on its core strategy, which is to offer networked IT services and communications solutions to corporate customers and the government sector."

The unaudited gross assets of the business being sold were €1.84m at March 31st.

According to Osiatis's press release, the acquired company is expected to generate annual sales of around €8m after it's incorporated.

BC

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