Disposal of German consulting

RNS Number : 6442W

BT Group PLC

31 July 2009

 



July 31, 2009

BT GLOBAL SERVICES DISPOSES OF BUSINESS SIMULATION AND CONSULTING ACTIVITIES IN GERMANY

Today BT Global Services announces the sale of its German business simulation and consulting activities for clients in the energy sector to the existing manager, Dr. Heiko Spitzer, in a management buy-out transaction. The newly formed company acquiring the business is called intellgenio GmbH and will honour the contractual obligations of BT so that existing customers can continue to enjoy their usual outstanding support.  The unaudited gross assets of the business being sold are €0.2m as at 30 June 2009.

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About BT

BT is one of the world's leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.

In the year ended 31 March 2009, BT Group's revenue was £21,390 million.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.  

For more information, visit: www.bt.com/aboutbt

About intellgenio:

intellgenio GmbH is a newly formed consulting specialist focusing on two main activities: Asset Simulation for the German-speaking Utilities market (Germany, Austria, Switzerland) through the development of sustainable investment and maintenance strategies, and comprehensive consulting services around the network business, covering issues such as control concepts, benchmarking and the analysis of carbon emissions.

 

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