Reuters
The conditional agreement is for an offer price of 5.75 euros per share excluding dividends, valuing Ordina at about 518 million euros ($555 million). "We are very enthusiastic about this operation," said Sopra Steria's finance chief Etienne du Vignaux in a call, adding Ordina's revenues are growing rapidly while the company has no debts. The deal would result in a new operation in the Benelux region which would combine Sopra Steria's existing business there, its recent acquisition of Tobania, and Ordina.