Sale of the recruitment business in the United Kingdom
Company News | Written by Gail Callicott | Date Posted 18 Jun 2019
Sopra Steria (Euronext Paris: SOP), a European leader in digital transformation, today announced that it has finalised an agreement with Resource Solutions Group to sell 100% of its recruitment subsidiary in the United Kingdom.
Sopra Steria’s recruitment business in the United Kingdom joined the Group when Steria acquired Xansa in 2007. In 2018, this business contributed €129 million to the Group's consolidated revenue and €2 million to net income.
The Group’s strategic priorities in the United Kingdom are now focused on scaling up its digital and consulting offering, and on strengthening its foothold in the private sector, particularly in financial services.
The deal is expected to close within the next few weeks.
Accordingly, following completion of the Transaction, and notwithstanding any interim brand licensing arrangements, Sopra Steria Recruitment Limited will have no right to represent any member of the Sopra Steria Group and vice versa.
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