BT acquires German IT services firms

BT agreed to acquire Stemmer and SND, both German companies specializing on enterprise IT services.

In a statement, BT said the acquisitions will strengthen BT's skills and capabilities in the German market, in line with BT's strategy to offer networked IT services to its corporate customers in Germany and globally.

Stemmer and SND are headquartered in Olching near Munich. The companies provide their customers with a range of IT services including unified communications, IP telephony, network integration, IT security, storage and backup solutions, datacenter services and video surveillance.

François Barrault, CEO of BT Global Services, said: 'This acquisition will add complementary skills and capabilities to our existing portfolio. Stemmer and SND have an excellent reputation in the IT services area. This transaction will complement BT's strengths in the German market and we will be able to offer our customers an even broader portfolio of end-to-end networked IT services.'

The completion of the acquisition is subject to obtaining regulatory clearance.

As at the last audited balance sheet, the combined gross assets of Stemmer and SND were €9.7 million.

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