BT Buys German IT Services Companies Stemmer, SND

Monday, June 30, 2008

BT has signed an agreement to acquire Stemmer GmbH and SND GmbH -- German companies constituting the enterprise IT services segment of net AG, listed on the Prime Standard of the Frankfurt Stock Exchange. The acquisitions will strengthen BT’s skills and capabilities in the German market, in line with BT’s strategy to offer networked IT services to its corporate customers in Germany and globally.

Stemmer and SND are headquartered in Olching near Munich. The companies provide their customers with a range of IT services including unified communications, IP telephony, network integration, IT security, storage and backup solutions, data centre services and video surveillance. As at the last audited balance sheet on 30 September 2007, the combined gross assets of Stemmer and SND were €9.7 million.

“This acquisition will add complementary skills and capabilities to our existing portfolio. Stemmer and SND have an excellent reputation in the IT services area. This transaction will complement BT’s strengths in the German market, and we will be able to offer our customers an even broader portfolio of end-to-end networked IT services,” said François Barrault, CEO, BT Global Services.

According to Günther Haag, CEO, Stemmer and SND, “This is great news for our customers, who will continue to receive the same high-quality service that they are accustomed to and who will now have access to BT’s extensive portfolio of products and services. This is also a great opportunity for our employees as we are joining a leading German provider for global network and IT services.”

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