BT Group PLC
12 September 2007
September 12, 2007
BT TO ACQUIRE INS GROUP S.A.
BT announced today that it agreed to acquire INS Group S.A. ("INS"), a
Belgium-based network and systems integrator. The acquisition will strengthen
BT's operations in the Benelux and enhance BT's position in the global LAN and
IP telephony services market.
INS is headquartered in Brussels and employs over 225 professionals across
Benelux, France, Germany, US, India and Australia. INS provides its clients with
a range of IT services centered around corporate communication solutions.
Services range from the design and implementation of complete data/voice/video
infrastructures to the automated roll-out of user workstations and the
management of the customer's collaboration platforms. For the year to 31
December 2006 the company generated revenues of €27.9 million.
Francois Barrault, CEO, BT Global Services, said: "Today's announcement marks
the next step in our strategy to grow our global capability and market coverage
in key convergence technologies, and extends BT's leadership position in the LAN
and IP telephony services market. INS is valued by its customers and recognised
by the industry as a supplier of world class solutions".
Dominic de la Pena, CEO, INS said: "BT's capabilities and experience in
delivering networked IT services to corporations around the world are second to
none. By contributing INS capabilities, we will be creating tremendous
opportunities for our customers, employees and partners."
The proposed acquisition is contingent upon obtaining the necessary regulatory
clearances. As at the last audited balance sheet on 31 December 2006, the gross
assets of INS were €13.5 million.
INS Group S.A. is entirely unrelated to Californian based International Network
Services Inc. ("INS"), a leading global provider of IT consulting and software
solutions which was acquired by BT earlier in 2007.
ENDS
About BT
BT is one of the world's leading providers of communications solutions and
services operating in 170 countries. Its principal activities include networked
IT services; local, national and international telecommunications services;
higher-value broadband and internet products and services and converged fixed/
mobile products and services. BT consists principally of four lines of business:
BT Global Services, Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2007, BT Group plc's revenue was £20,223 million with
profit before taxation of £2,484 million.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and
encompasses virtually all businesses and assets of the BT Group. BT Group plc is
listed on stock exchanges in London and New York. For more information, visit
www.bt.com/aboutbt
International enquiries please contact Alan Ball on +32 2 7003425
UK enquiries please contact Mike Bartlett on 07753 949108
About INS
For more information visit, www.inseurop.com/
This information is provided by RNS
The company news service from the London Stock Exchange
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