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BT dials Germany
for growth
BT has acquired Stemmer and SND from Net AG. The German company sold its subsidiaries for an undisclosed sum in a deal that will strengthen BT’s networked IT services to its German corporate customers.
Stemmer and SND supply 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.
As of September 2007, the combined gross assets of the German companies were €9.7 million (£7.7 million). The deal is subject to regulatory approval.
François Barrault, BT Global Services CEO, 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 of offer our customers an even broader portfolio of end-to-end networked IT services.”
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