Bull Further Strengthens its Presence in Belgium and Luxembourg by Acquiring CSB Consulting

Bull today announced that it has acquired CSB Consulting: the […]

August 13, 2008

Bull today announced that it has acquired CSB Consulting: the information
technology (IT) services company with a presence in Belgium and Luxembourg.
CSB Consulting specializes in value-added IT services offerings including
consultancy, infrastructure management and project management.

Further reinforcing Bull’s growth in this market, this latest acquisition
is in line with the Group’s aim – and that of its Belgian subsidiary – to
establish its position as a key IT services provider to European Union
institutions, as well as the banking and public sectors in Belgium and

Created in 1999, CSB Consulting currently employs 150 people and recorded
revenues of EUR10.4 million in the 2007 financial year.

As William Van Malderen, Managing Director of Bull Belgium and Luxembourg
commented: “The acquisition of CSB Consulting marks a very important step in
our development. It gives us critical mass both in Belgium and in Luxembourg,
with no less than 300 experts and other staff now working for us in these
countries: guaranteeing that we have the capacity to deliver very large-scale
projects. We have already been working with CSB Consulting over a long
period, and our extremely successful collaboration is another way in which we
can ensure this capability.”

As well as enhancing their business in IT services, the combination of
Bull Belgium and CSB Consulting will also be bringing together their skills
– The management of large-scale projects (systems integration)
– Open Source solutions
– IT security
– Professional services.

Because of its skill base, the acquisition of CSB Consulting opens up new
markets for Bull in these territories, particularly in the areas of network
management, infrastructure management, databases and systems development.

Ilias Casabalis and Manuel Pallage, respectively Managing Director and
Chief Executive of CSB Consulting, confirmed their enthusiasm for this move:
“We are delighted with this coming together of our two companies, because
there are so many synergies and complementary skills we can use to enable us
to accelerate our growth. We are also very pleased to be joining a Group
whose strategy is so clearly aligned with our own areas of expertise.”

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