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Assystem Technologies announces a takeover offer for the SQS group

19.12.2017Companies and Organisations

Assystem Technologies has, through a subsidiary company, announced a takeover offer to acquire the SQS group ("Offer"), a benchmark player in systems and software testing, quality assurance and digital transformation.

Founded in 1982 and listed on the London Stock Exchange's Alternative Investment Market (AIM), SQS is based in Germany and has an operating presence in 25 countries. In 2016, it had 4,500 employees and generated €327 million in sales.

The proposed combination of Assystem Technologies and SQS is expected to create an enlarged Assystem Technologies group with approximately 14,000 employees with combined revenues of approximately €1 billion.

The Offer is expected to enable Assystem Technologies (a company controlled by Ardian) to diversify and strengthen:

  • its offerings for software testing solutions, quality assurance and change management support;
  • its geographic presence, notably in Germany, the United States, the United Kingdom and India (where SQS has 1,800 employees);
  • its expertise in the banking/insurance sector as well as in distribution and telecommunications. 

The completion of the Offer is subject to conditions and terms which are customary for a transaction of this nature and include (a) receiving valid acceptances from SQS shareholders which represent not less than 75 per cent. in nominal capital of the SQS Shares and of the voting rights normally exercisable at a general meeting of SQS and (b) consents in relation to the Offer under the merger control rules in Germany and Austria are obtained without the initiation of a second phase investigation.

Further details of the Offer can be found in the announcement posted on SQS' website at

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