newstodate.aero
DEC 18, 2003 (newstodate): The SAS Group today signed an agreement covering the sale of the
Scandinavian IT Group (SIG) to U.S.-based Computer Sciences Corporation, CSC.
SAS is selling all the shares in the company and concurrently is signing a five-year outsourcing agreement for the purchase of IT services from CSC and the Scandinavian IT Group. This agreement will include options for SAS to extend the contract for up to four additional
years.
The total value of the transaction is slightly more than MSEK 2000 and comprises the purchase price and future reductions in the SAS Group's IT costs over the base five-year contract period.
The Scandinavian IT Group has about 1,200 employees and provides the aviation industry with IT support services.
Scandinavian IT Group (SIG) to U.S.-based Computer Sciences Corporation, CSC.
SAS is selling all the shares in the company and concurrently is signing a five-year outsourcing agreement for the purchase of IT services from CSC and the Scandinavian IT Group. This agreement will include options for SAS to extend the contract for up to four additional
years.
The total value of the transaction is slightly more than MSEK 2000 and comprises the purchase price and future reductions in the SAS Group's IT costs over the base five-year contract period.
The Scandinavian IT Group has about 1,200 employees and provides the aviation industry with IT support services.