The Orange operator announced on Tuesday that it had completed the acquisition of 59.10% of the capital of the company specializing in data study and Business & Decision consulting, hitherto owned by the Bensabat family, after obtaining the endorsement by regulatory authorities.
The acquisition, carried out by Orange’s subsidiary companies, Orange Business Service (OBS), for a unit amount of 7.70 euros per share, represents a total amount of 35.9 million euros. The operator also announced its desire to launch, “as soon as possible and in accordance with the regulations in force”, a public tender offer for the remaining capital of the company, for an amount of 7.93 euros per share. , which would value Business & Decision at just over 62.5 million euros. Tuesday evening, the title of the company ended at 7.92 euros, up 0.51%, on the Paris Stock Exchange.
Orange also announced the appointment of three representatives to the Board of Directors of Business & Decision following the acquisition of a majority stake. This acquisition aims to “significantly strengthen OBS’s activities in data governance and analysis in France and internationally and will strengthen our knowledge of the director businesses of our clients”, declared the executive director of OBS, Helmut Reisinger, quoted in the release. Business & Decision, which employs more than 2,400 people in 11 countries, achieved a turnover of 213.1 million euros in 2017.