French firm becomes ‘benchmark’ IT services company in Europe through acquiring retail giant's IT division
GFI Informatique has closed its mammoth acquisition of El Corte Inglés' IT division, bringing its global revenues to €2.3bn and creating a "benchmark" player in Europe's IT services industry. The deal was approved by relevant competition authorities and officially closed yesterday. First announced in December, the acquisition saw Saint-Ouen-based GFI acquire 100 per cent of the retail giant's IT services business in Spain, Portugal and Latin America. The EL Corte Inglés arm generated...
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