French IT firm eyes M&As in China
By Zhu Shenshen |
May 18, 2011, Wednesday
|
Print Edition
Print Edition
CAPGEMINI, the Europe's biggest IT and consulting service provider, is seeking merger and acquisition opportunities in China to boost revenue in the booming regional market, the France-based firm said yesterday.
Capgemini's revenue in China will grow at least 20 percent year-on-year this year, Gilles Taldu, Capgemini's head of new business, told Shanghai Daily in an exclusive interview.
"Besides organic growth, M&A has also been our growth strategy in recent years," he added.
In 2010, Capgemini, which provides consulting, IT and outsourcing services, generated revenues of 8.7 billion euros (US$12.18 billion), up 3.9 percent from a year ago.
The company aims to expand in the Chinese market to compete with rivals like IBM and McKinsey.
In 2011, Capgemini will pursue acquisition cases, including "at least one case" in China, Taldu revealed.
The acquisition will focus on classified industry sectors and new technologies like cloud computing and business intelligence, said Taldu, who declined to give more details.
In 2010, Capgemini completed 10 acquisitions, with the value of the acquisitions ranging between US$10 million and US$500 million.
Capgemini, which entered China in 1997, has been strong in the utility and manufacturing industries in the country, especially in big-scale state-owned enterprises, and boasts more than 1,600 employees.
The company's clients include China National Petroleum Corp, China Resources and China Merchants Bank.
Capgemini's revenue in China will grow at least 20 percent year-on-year this year, Gilles Taldu, Capgemini's head of new business, told Shanghai Daily in an exclusive interview.
"Besides organic growth, M&A has also been our growth strategy in recent years," he added.
In 2010, Capgemini, which provides consulting, IT and outsourcing services, generated revenues of 8.7 billion euros (US$12.18 billion), up 3.9 percent from a year ago.
The company aims to expand in the Chinese market to compete with rivals like IBM and McKinsey.
In 2011, Capgemini will pursue acquisition cases, including "at least one case" in China, Taldu revealed.
The acquisition will focus on classified industry sectors and new technologies like cloud computing and business intelligence, said Taldu, who declined to give more details.
In 2010, Capgemini completed 10 acquisitions, with the value of the acquisitions ranging between US$10 million and US$500 million.
Capgemini, which entered China in 1997, has been strong in the utility and manufacturing industries in the country, especially in big-scale state-owned enterprises, and boasts more than 1,600 employees.
The company's clients include China National Petroleum Corp, China Resources and China Merchants Bank.
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