August 1, 2008
NTT-Data expands to Europe: Acquisition of Cirquent GmbH
Today, August 1, 2008, NTT Data and BMW agreed, that NTT Data will acquire 72.9% of the outstanding shares of Cirquent GmbH. Purpose is NTT Data's globalization.
Between 1992-2008 Cirquent was part of the BMW Group. Cirquent is No. 7 in the Luenendonk ranking of German system integrators. Among Cirquent customers are BMW, Deutsche Boerse, Muenchner Rueck (reinsurer), and T-Mobile Germany. Cirquent has about 1800 employees and achieved sales of EURO 286 Million in 2007.
Share ownership ratios after NTT Data's acquisition:
72.9% NTT Data
25.1% BMW AG
2% Cirquent GmbH employees
Read more about NTT Data, the NTT Group and Japan's telecom sector in our J-COMM report.
Between 1992-2008 Cirquent was part of the BMW Group. Cirquent is No. 7 in the Luenendonk ranking of German system integrators. Among Cirquent customers are BMW, Deutsche Boerse, Muenchner Rueck (reinsurer), and T-Mobile Germany. Cirquent has about 1800 employees and achieved sales of EURO 286 Million in 2007.
Share ownership ratios after NTT Data's acquisition:
72.9% NTT Data
25.1% BMW AG
2% Cirquent GmbH employees
Read more about NTT Data, the NTT Group and Japan's telecom sector in our J-COMM report.
Labels: acquisition, BMW, cirquent, NTT, NTT data
# posted by Eurotechnology-Japan : 8/01/2008 11:22:00 AM
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