FPT has another member in Europe
As from July 1st, RWE IT Slovakia officially became a wholly-owned subsidiary of FPT Software in Europe and was renamed into FPT Slovakia.
•
02/07/2014
Under the cooperation agreement between FPT and RWE, FPT Slovakia will directly provide RWE IT services in Slovakia. This means that RWE will become the biggest customer of FPT Software in Europe generating a high US$ two-digit million amount within 5 years.
RWE IT Slovakia was established in 2004 and currently has more than 400 employees; most are experts in SAP area. As an internal IT Service provider RWE IT Slovakia delivers high quality services to RWE Group mainly in the area of SAP and ‘Smart Home’ solutions.
RWE Group is one of the Europe’s leading utility companies headquartered in Essen, Germany. With presence in 29 countries, includes Germany, United Kingdom, Czech Republic, Slovakia, Poland, Hungary, etc., RWE Group supplies electricity and gas to more than 20 million electricity customers and 10 million gas customers, all over Europe. With a revenue of more than US$ 70 billion and more than 66,000 employees in 2013, RWE is a ‘heavy weight’ in the European economy. RWE Group expected to spend about US$ 1 billion on IT projects.
FPT Software expects this agreement not only helps the company expand their customer base in Europe but also expand their delivery capabilities in the area of SAP and the future market of ‘Smart Home’ solutions.
This deal is also the first M&A of FPT and Vietnam ICT companies’ history outside Vietnam.
