NTT Communications has agreed to acquire Integralis AG, a leading international provider of IT security services, at an offering price of EUR 6.75 in cash per share. The offer price represents a 70 percent premium over the three-month average closing share price on the Frankfurt Stock Exchange (Xetra).
Based on the number of Integralis shares outstanding, the offer would represent an equity value for Integralis of approximately Euro 75 million. Integralis has 511 employees and realized revenues of EUR 169 million in 2008.
NTT Com said the acquisition will add a market-leading security services platform to its portfolio. NTT Com will offer the enterprise security service to its clients around the world. Customers of NTT Com will, for example, benefit from Integralis worldwide network of security operation centers, which provide a 24 hour service for multinational companies. After the transaction, Integralis will become a lead global IT security unit within NTT Com and will gain access to the large customer base of NTT Com.
In early 2008, NTT DATA, a sister company of NTT Com, acquired a majority stake in German SAP specialist intelligence. In the same year, the acquisition of a majority stake in Cirquent, the former IT consulting unit of BMW, followed. Both companies have performed very well since the beginning of the cooperation.
http://www.ntt.com
http://www.Integralis.com
