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HOCHTIEF Sells IT Service Activities to Cap
Gemini Ernst & Young and Signs Outsourcing Agreement
July 20, 2001 - HOCHTIEF has sold its subsidiary HOCHTIEF
Software GmbH, Essen, to Cap Gemini Ernst & Young Deutschland
GmbH. The current employees, about 250 in number, will be
taken over by the new owner. The sale has not yet been approved
by the Federal Cartel Office.
In addition, a ten-year service agreement under which Cap
Gemini Ernst & Young will provide HOCHTIEF with IT services
has also been signed. Cap Gemini Ernst & Young will assume
responsibility for existing contracts with clients of HOCHTIEF
Software. The focus of the outsourcing agreement is not on
cutting costs, but on the efficient implementation of innovative
IT concepts based on the high-end service and quality standards
of Cap Gemini Ernst & Young.
In the past months, HOCHTIEF had evaluated various strategic
options for its IT division. These ranged from expanding activities
within the HOCHTIEF Group to entering a strategic partnership
with an IT services firm or selling off HOCHTIEF Software
to a larger company whose core business is in the IT sector.
"In Cap Gemini Ernst & Young, we have found a strong,
globally renowned partner for our subsidiary, who will implement
our IT strategy on a global scale", emphasizes Hans-Wolfgang
Koch, HOCHTIEF Executive Board member. " HOCHTIEF Software
will be able to make use of its core competencies in this
cooperative effort. Not only our employees will benefit from
this new partnership, but also our clients."
"The infrastructures and skills we have acquired from HOCHTIEF
constitute an important base to provide more operate services
to Cap Gemini Ernst & Young's customers in Germany and
more broadly in Central Europe", says Antonio Schnieder, CEO
Central Europe of Cap Gemini Ernst & Young.
"HOCHTIEF Software is an important building block for further
expanding our market position and market shares in Germany
and Central Europe. Furthermore we will offer HOCHTIEF Software
IT employees attractive career opportunities under the roof
of a global IT full service provider", states Raimund Hoermann,
Chief Operating Officer and manager in charge of the outsourcing
business of Cap Gemini Ernst & Young Central Europe.
HOCHTIEF Software was founded in 1994 as an independent consulting
and systems house. It provides consulting and IT services
in the construction field.
HOCHTIEF AG - With a work done volume of EUR 13 billion in
financial year 2000, HOCHTIEF is the biggest construction
company in Germany and also ranks among the industry's leaders
on an international level. Starting from its core business
of building, the company is continuously expanding its service
offer: Airport management, project development and facility
management are becoming increasingly important. World-wide,
about 37,000 people work for HOCHTIEF. Via subsidiaries and
associates, the company is represented on all major markets
including North and South America, Western, Central and Eastern
Europe, India, Australia, Southern Africa and the Asia Pacific
region.
CAP GEMINI ERNST & YOUNG is one of the largest management
and IT consulting firms in the world. The company offers management
and IT consulting services, systems integration, and technology
development, design and outsourcing capabilities on a global
scale to help businesses continue to implement growth strategies
and leverage technology in the new economy. The organization
employs about 60,000 people worldwide and reports global revenues
of about EUR 8.5 billion (2000 pro forma). More information
about individual service offerings, offices and research is
available at www.cgey.com.
Press information:
HOCHTIEF
Corporate Communications
Stephanie Reuter
Tel.: +49(0)201 /
824 - 2482
Fax: +49(0)201 /
824 - 2585
presse@hochtief.de
Cap Gemini Ernst & Young Corporate Communications
Philippe Guichardaz
Tel: +33 (1) 47 54 50 45
Fax: +33 (1) 47 54 51 90
Phguicha@capgemini.fr
Cap Gemini Ernst & Young
Germany Communications
Thomas Becker
Tel.: +49.6172.485 309
Fax: +49.6172.485 309
Thomas.Becker@cgey.com
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