(AOF) – Sopra Steria announces the planned sale to Axway Software of most of the activities of Sopra Banking Software, representing a scope of approximately 340 million euros in turnover, for an enterprise value of 330 million euros. The technology group specifies that this decision is accompanied by the planned sale to Sopra GMT of 3.619 million Axway shares currently held by Sopra Steria at a price of 26.50 euros per share for an amount of 95.9 million euros.
The planned sale of most of Sopra Banking Software’s activities corresponds to Sopra Steria’s desire to strengthen its development in Europe in digital services and solutions and concentrate its investments on consulting and digital in its strategic markets, namely financial services, defense & security, aeronautics, space and the public sector.
Sopra Banking Software was created in 2012 by capitalizing on banking software assets from Sopra’s history and several acquisitions in the field of core banking and specialized credit.
Sopra Banking Software has more than 650 clients worldwide, including the 10 largest European banks and half of the banks in Africa. 250 banks in Europe use Sopra Banking Software payment solutions.
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