Financial Announcement Windhof - October, 23rd 2018 Sword Group - Refocusing the business on Data Management About Sword Group Sword today announced the sale of its AFS business to Sopra Steria Group This disposal completes the cycle designed to ...
Windhof - October, 23rd 2018
Sword Group - Refocusing the business on Data Management About Sword Group
Sword today announced the sale of its AFS business to Sopra Steria Group
This disposal completes the cycle designed to refocus the Group's business activities exclusively on Data Management, including:
- In the Services sector, the process whereby data is transformed into information,
data processing using new technologies with a ticket to growth in Blockchain Technologies, Robot Process Automation (RPA), the Internet of Things, etc.
- In the Software business, GRC, Security, Investigation and Intellectual Property.
Within the context of this disposal, the Group benefits from extremely positive fundamentals such as its strong profitability and double-digit organic growth.
The cash generated by this disposal will serve to finance:
- Organic growth,
- New initiatives,
- Larger acquisitions,
- Shareholder remuneration.
The sector involved is the one covered by the Apak subsidiaries located notably in Bristol - the UK and Atlanta - US.
Deconsolidation took place on October, 18th. The 2018 budgeted revenue of APAK amounts to €31 M.
The Apak teams are delighted with the merger.
The Group confirms the fundamentals for its future development:
b/ Double-digit organic growth,
c/ Acquisition in the sectors already covered by the Group.
Publication of 2018 Third Quarter Revenue
Sword has 2,200+ IT/Digital & Software specialists present over 5 continents to accompany you in the growth of your organisation in the digital age.
As a leader in technological and digital transformation, Sword has since 2000 acquired a solid reputation in software publishing and in complex IT & business project management.
With Sword you have the guarantee of strong close and qualified local commitment, the aim of which is to optimise your processes and data.
The press release will be published on the web sites here after: Thomson Reuters and Sword Group. It was also sent to the "Commission de Surveillance du Secteur Financier (CSSF)" and saved on the Luxembourg Stock Exchange's website.
Software & Computer Services
CAC® Mid & Small
Sword Group - 2, rue d'Arlon L-8399 Windhof - firstname.lastname@example.org
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SWORD Group via Globenewswire
Source(s) : SWORD Group
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