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GFT buys Italy's Sempla

Stuttgart: German IT consulting firm GFT Technologies AG has taken an 80-percent stake in Sempla S.r.l., an IT consultancy based in Milan, for an undisclosed cash sum. Sempla, which specialises in financial services IT, generated pre-tax earnings of Euro 4.08 million on revenues of Euro 44 million in 2012. The remaining 20 percent of Sempla will remain mainly with its management and can be acquired by GFT via options after five-years.

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