LogicaCMG which made two major acquisitions in the last two years- Unilog and WM-data (each was more than a US$billion in value)is reporting positive contribution from the acquired companies. It sold its telecom product business last month and reported less than expected results. While it officially maintains that it is growing and making needed investments,some persistent rumours of a sale has mde them to officially deny any such move. European majors like Logica & Atos are going through a rough patch -in terms of not being able to grow faster than their international competitors and this reflects in their marketcap numbers. Its interesting to watch their futre growth strategies,in a world flush with private equity money and repllete with consolidation and rollups initiatives.
Labels: European Service Majors, Service Industry
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