SEAT PG AND ENGINEERING CLOSE THE ACQUISITION
AGREEMENT OF THE SEAT PG “DATA CENTER”

Turin, 2 July 2010 – Seat PG and Engineering, the leading system integrator in Italy, announced today that they have closed the acquisition agreement regarding Seat’s Data Center business unit in Turin.
Starting 1 July, the agreement involves the transfer to Engineering of the personnel and offices relating to the data center, network, and voice operations, as well as distributed infrastructures and on going services, for a total of 27 individuals. 
Based on the terms of the agreement, Engineering guarantees that the Seat PG personnel involved in the project can maintain the same employment protection that Seat PG guarantees its own employees.
At the same time, Seat PG and Engineering have signed a five-year IT services procurement contract.

These two agreements allow Engineering to take full responsibility for the business activities acquired, enabling it to provide services not only to Seat PG, but also to other customers, including through expansion of the Data Center currently in the planning stages.

The transaction aims to improve the full functionality of the business activities and resources of the business unit and leverage available synergies to increase efficiency and achieve a competitive edge.

“ This transaction aims to valorise the Data Center asset by developing synergies with an industry leader such as Engineering, thereby achieving even greater overall efficiency and a competitive edge while saving more than € 12 million over the next five years,” stated Alberto Cappellini, CEO, Seat PG. “ Our decision was also made with a view to the strategic objective of playing an even more significant role in the Italian economic fabric by bolstering the multimedia dimension of our products and services and enhancing our organisational efficiency, to ensure the continuity of the company and meet the markets’ and customers' demands for modernisation," concluded Cappellini.

“ Merging the Seat Data Center and the Engineering Data Center in Pont Saint Martin into a single, highly reliable infrastructure is part of the strategies Engineering has planned to shore up its presence in the infrastructure management sector. Seat’s choice is a further proof of the excellence of Engineering in this industry,” commented Paolo Pandozy, CEO, Engineering.

Seat PG
The SEAT Pagine Gialle Group is one of the main operators at world level in the sector of multimedia profiled advertising, offering “print-voice-online” directories, as well as complementary communication services such as one-to-one marketing. SEAT Pagine Gialle has been engaged in information services and search and communications tools for over 80 years. It is a success story based on a brand that is familiar to everyone, a sales network employing over 2,000 persons, a technology that is constantly evolving and a database that includes 13 million households and 4 million businesses (2009 data), and a wide range of products guaranteeing a real integrated system of communications to about 500,000 Italian Customers: a total of 53 million volumes distributed to the homes and offices (2009 data), about 29 million enquiries through the directory assistance service (2009 data), and about 323 million hits on online directories (2009 data) connect people and businesses, bringing together needs and solutions and promoting economic exchanges.

Engineering
A global player in IT and a leader in Italy in integrated and complete systems, Engineering provides services that span the entire software value chain: design, development, outsourcing, products and vertical proprietary solutions, IT and strategic consulting. Engineering has a workforce of 6300 and 40 direct commercial offices in the EU, Ireland, Belgium, and South America, with production capacity in more than 50 countries. In managed operations, the Group has a data center network in Pont St. Martin (AO), Turin and Padua for infrastructure management, which represent, remotely and on-site, approximately 31.8% of consolidated revenue. The parent company Engineering Ingegneria Informatica is listed on the Milan Stock Exchange. With a production value exceeding €720 million in 2009, the Engineering Group operates with six business units: Finance, Public Administration, Energy & Utilities, Industry & Services, Telecom & Media, and Training, supported by seven skill centers and a Research & Innovation Office that employs 250 researchers and plays the dual role of promoting software research and innovation transfer to the business production cycle.

Press contacts:   

Seat PG
Communications Department
comunicazione.stampa@seat.it
Tel. +39.011.435.2884

Burson-Marsteller
Antonella Violante
antonella.violante@bm.com
Tel. +39.02.721431

ENGINEERING
Communications and Marketing Department
Costanza Amodeo
Costanza.amodeo@eng.it
Tel. +39.06 49201320