Sword Group - Disposal of French Subsidiaries | Sword today announces the sale of its France operations to Argos Wityu
29 Settembre 2020 - 5:35PM
Sword Group - Disposal of French Subsidiaries | Sword today
announces the sale of its France operations to Argos Wityu
Argos Wityu and Sword Group today signed the finalised agreement
for the acquisition by Argos of French subsidiaries and the
current management of Sword France.The scope concerned by the
transaction covers:Services activities currently managed by French
subsidiaries in France,International software activities for
National Patent & Trademark Offices,Software aimed at the
French market in the fields of Health, Information
and Customer Relations.This scope, the profitability of which
falls under Group standards, is generating a revenue trend of
EUR 60 million for 2020.Sword Group is continuing:GRC (Governance
Risk and Compliance), operations in Software on a
global level,Services operations in the United
Kingdom,Services operations in Belgium, Luxemburg and
Greece,Services operations in Switzerland,Venue Management
operations in Software at European level,Services in the Middle
East and North America,Offshore operations from Lebanon and
India,All Software operations in France except for products
included in the transferred scope.Regarding M&A’s strategy
is focusing on:Acquisition of complementary products in
GRC,Acquisition of small, targeted companies in Services in the
United Kingdom,Acquisition of companies in light of new
opportunities in other countries where the Group operates.In
accounting terms, France is taken out of the consolidation scope
with effect from October 1st, 2020.Consolidated revenue for
2020 will significantly exceed EUR 200 million.
For more information:Sword Group | Stéphanie DesmarisHead of
Communicationinvestorrelations@sword-group.com+33 4 72 85 37 45
Argos Wityu | Coralie CornetDirector of
Communicationsccc@argos.fund+33 1 53 67 20 63Sword France | Cynthia
VettiveluIn charge of Communicationcommunication@sword-group.com+33
4 81 65 39 35
- SwordGroup_France Disposal FV29092020
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