Report
Gregory Ramirez

SOPRA STERIA GROUP: Acquisition of EVA Group in cybersecurity services | BUY | EUR231 VS. EUR227 (+51%)

SOPRA STERIA GROUP - BUY | EUR231 VS. EUR227 (+51%)
Acquisition of EVA Group in cybersecurity services

We reiterate our Buy rating and raise our target price to EUR231
EVA Group offers cybersecurity and IT performance services
Sopra Steria would enter the Top 3 in cybersecurity services in France
EVA would be the third largest cybersecurity deal in Europe since 2019
Underlying
Sopra Steria Group SA

Sopra Steria Group is a global player in IT services, with operations in consulting, software development, and integration. In addition to France, Co. operates in the United Kingdom, Spain, Italy, Switzerland, Germany, and Belgium, assisting its clients in managing the transformation of their businesses and information systems. Co. divides its operation into three categories: Consulting, Systems and Solutions Integration, and Software Development; which it spreads among eight major verticals: Financial Services, Insurance and Social Welfare, Public Sector, Telecom Operators, Aerospace and Defense, Energy, Transport and Courier Services, and Retail.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Gregory Ramirez

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