Sopra Steria announced the acquisition of Belgian IT service provider Tobania. The French IT firm hopes to gain a foothold in the Belgian market. Sopra Steria is interested in the region due to its high density of European and financial institutions.
The financial details weren’t disclosed. Sopra Steria wants to expand its presence in Belgium. The service provider counts many public institutions among its clients. Sopra Steria is interested in Belgium’s European and financial institutions.
Tobania was founded eight years ago following the merger of IT companies Tobius and Saga. According to Datanews, Sopra Steria is creating a highly complementary IT service provider by acquiring the Belgian IT firm.
Sopra Steria is active in cybersecurity and SAP implementations, while Tobiana is active in data, automated testing and support services. Unlike Sopra Steria, Tobiana has a strong foothold in the Belgian market. The French IT service provider serves customers in Wallonia, but Tobania has a larger share in Flanders.
Finalized in 2023
The acquisition is yet to be approved by competition authorities. Sopra Steria expects to finalize the deal as early as the first quarter of next year. Following the acquisition, Tobania’s brand name will be phased out.