FPT wins first M&A deal in Europe
On 18th June 2014, in Berlin, Germany, Vietnam’s leading IT corporation - FPT and RWE Group have signed an agreement on acquiring RWE IT Slovakia.
- FPT Software acquires RWE IT Slovakia, a subsidiary of the RWE Group - one of Europe’s leading utility companies.
- FPT Software wins 5-year-contract with RWE Group. RWE becomes the biggest customer of FPT Software in Europe generating a high US$ two-digit million amount within 5 years.
- The deal will position FPT Software as a 1st tier service provider in Europe, paving the way to expand their customer base, strengthen delivery capabilities at Europe and adding about 400 experienced consultants in SAP area.
Hanoi, 18th June 2014 – Today in Berlin, Germany, Vietnam’s leading IT corporation - FPT and RWE Group have signed an agreement on acquiring RWE IT Slovakia. Accordingly, RWE IT Slovakia will become an FPT Software’s 100% owned company in Europe and be renamed into FPT Slovakia. This deal is also the first M&A of FPT and Vietnam ICT companies’ history outside Vietnam.
Mr. Peter Terium, CEO of RWE Group and Mr. Truong Gia Binh, Chairman of FPT Corporation did witness the signing to underline the importance of this agreement for both parties.
RWE IT Slovakia was established in 2004 and currently has more than 400 employees; most are experts in SAP area. As an internal IT Service provider RWE IT Slovakia delivers high quality services to RWE Group mainly in the area of SAP and ‘Smart Home’ solutions.
As part of the agreement, FPT wins 5-year- contract with RWE Group. Accordingly, the IT services provided to RWE Group will be delivered jointly from FPT Software Vietnam and FPT Slovakia with a high US$ two-digit million amount within 5 years.
RWE Group is one of the Europe’s leading utility companies headquartered in Essen, Germany. With presence in 29 countries, includes Germany, United Kingdom, Czech Republic, Slovakia, Poland, Hungary, etc., RWE Group supplies electricity and gas to more than 20 million electricity customers and 10 million gas customers, all over Europe. With a revenue of more than US$ 70 billion and more than 66,000 employees in 2013, RWE is a ‘heavy weight’ in the European economy. RWE Group expected to spend about US$ 1 billion on IT projects.
Apart from the extraordinary volume of the deal, the acquisition is a major part in the globalization strategy of FPT Software. It not only helps the company expand their customer base in Europe but also expand their delivery capabilities in the area of SAP and the future market of ‘Smart Home’ solutions.
“This is the landmark deal for FPT. Closing a strategic deal with RWE Group is changing FPT position in Europe. We can provide full IT services with long –term contract for big customers in utility industry not only in Europe but also in the United States and Japan market.” said FPT’s Chairman Truong Gia Binh.
“The agreement will help FPT Software to boost our revenue and our delivery capabilities in Europe. With the acquisition we are able to combine “off” and “near” shore to a “best shore” approach to offer our customers at Europe the best of “two worlds”. With the agreement we will get higher visibility in Germany and European markets.” said FPT Software’s Chief Executive Officer Mr. Nguyen Thanh Lam.
According to RWE Group statements, RWE Group is very confident to achieve significant improvements in flexibility, scalability and cost efficiency. Besides, RWE Group is convinced that Vietnam in general and FPT Software in particular can provide them with excellent IT Services from highly skilled software engineers.
In 2014, beside reinforcing and enlarging the domestic market share in key business fields, FPT will continue boosting its globalization strategy. As one of the most important ways, the corporation will focus on providing full IT services and migration services based on new technology (Cloud, Mobility, Big Data) to developed markets such as Northern America, Europe, Japan, Singapore, etc.
Contact for media
Ms. Mai Thi Lan Anh
FPT Corporation Communication- Hanoi
Tel: +84 4 73007300 - ext. 41922
Mobile: 0912 081922
After 26 years of establishment, FPT is leading ICT company in the private sector of Vietnam with revenue about US$ 1.4 billion and more than 17,000 employees and leading in the fields of Outsourcing; Software Development; System Integration; IT Services; Distribution of technology products.
Not only maintaining growth in the domestic market, FPT has also confirmed its position globally with presence in 4 continents, 18 countries with over 300 clients/partners which are large multinational corporations. FPT is highest-ranking partner of the largest suppliers in the world, including Cisco; IBM; Microsoft; Oracle; SAP; Dell; Juniper, Amazon Web Services, etc. In 2013, FPT is in the TOP 100 Global Outsourcing by IAOP assessment.
For more information in this link: http://fpt.com.vn/en/about_us/general_information/
RWE Group is one of the Europe’s leading utility companies and based in Essen, Germany. Through its various subsidiaries, RWE supplies electricity and gas to more than 20 million electricity customers and 10 million gas customers, all over Europe.
For more information in this link: https://www.rwe.com/web/cms/en/10122/rwe/about-rwe/
About RWE IT Slovakia
RWE IT Slovakia was established in 2004 and currently has more than 300 employees, most are experts in SAP area. As an internal IT Service provider RWE IT Slovakia did deliver high quality services to RWE Group mainly in the area of SAP and ‘Smart Home’ solutions.
For more information in this link: http://www.rweit-slovakia.com/web/cms/en/131258/rwe-it-slovakia/company/