Sopra Steria, a European leader in digital transformation, today announced its plans to acquire SAB.
Under the proposed transaction, Sopra Banking Software would initially acquire a majority stake in SAB and the remaining share capital in a year’s time. Olivier Peccoux and Henri Assaf, the two founders, would remain in their current roles to support and guide teams through the transition period and beyond.
This operation will be a major step forward that would provide SAB with the resources necessary for its strategic development by the contribution of the Sopra Steria Group expertise in the digital fields and by linking it to an extended and proven commercial network.
The SAB core values will be reflected in this new project to serve customer’s ambitions.