German company Software Quality Systems (SQS), a provider digital quality assurance services, is being acquired by French firm Assystem Technologies for £281.3 million.
The combined company, under Assystem, will have revenues of €1 billion and employ 14,000. SQS was founded in 1982 and is listed on the Frankfurt Stock Exchange.
The deal will enhance Assystem’s products and services in software testing solutions, quality assurance and, change management support, especially in sectors like banking, insurance, and telecommunications as well as boosting its presence in the UK, Germany, the US, and India.
“The enlarged business will combine SQS’s expertise in quality assurance and process consulting in the digital world, with Assystem Technologies’ breadth of engineering product design capabilities,” said Olivier Aldrin, CEO of Assystem, “positioning the Enlarged Group to leverage the convergence of the digital and physical worlds to offer quality assurance of both products and processes to its enterprise customer base across a range of complementary geographies and end markets.”