Stibbe advises Ordina

NL Law

Stibbe advises Ordina, on the recommended all-cash public offer for all Ordina shares by Sopra Steria.

Sopra Steria, a European leader in the field of technology, renowned for its consulting, digital services and software development and Ordina, the digital business partner that harnesses technology and market know-how to give its clients an edge, have announced that they have reached a conditional agreement on a recommended public offer to be made by Sopra Steria for all of the issued and outstanding ordinary shares in the capital of Ordina for EUR 5.75 in cash per share.

The offer represents a total consideration of approximately EUR 518 million.

The combined operations, comprising Sopra Steria’s existing business in the BeNeLux, its recent acquisition Tobania, and Ordina will create a partner of choice in digital services in the region with a pro forma revenue of €700 million and more than 4,000 employees spread almost equally between the Netherlands and Belgium. In Luxembourg, the combination would reach a strategic size of 300 employees.

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