(Adds details from conference call)
PARIS, July 25 (Reuters) - French IT consulting group Capgemini (CAPP.PA) said on Friday it had agreed to buy Dutch IT services group Getronics PinkRoccade’s (GPR) Business Application Services BV (BAS) unit in the Netherlands.
It said the acquisition amounted to an equity value of 255 million euros ($400.4 million) paid in cash out of Capgemini’s own resources. BAS had 2007 sales of some 300 million euros
The transaction is expected to be finalised by the end of the year, subject to the approval of the European Commission and consultation with the relevant works council.
In a conference call, finance director Nicolas Dufourq said Capgemini expected to generate 10 million euros in synergies and to add 5 percent to earnings per share from 2009.
Chief executive Paul Hermelin said the Netherlands was one of the most profitable markets for the company.
“Through this acquisition, Capgemini will reinforce its leadership position in one of its key markets, while developing a stable portfolio of long-term applications management contracts in the public sector,” it said.
Dutch telecoms group KPN (KPN.AS) bought Getronics for 1.2 billion euros, including debt, in October. It has said it would keep Getronics’ businesses in the Netherlands, Britain, Belgium and North America and sell non-core units. (Reporting by Marcel Michelson, editing by Will Waterman)