STRATEGIC PARTNERS
January 31, 2002
NEW YORK -- Schlumberger Limited's (NYSE:SLB) Test & Transactions business segment has signed a definitive agreement to acquire Bull CP8, a subsidiary of Groupe Bull, based
in Louveciennes, France, for approximately $325 million.
Bull CP8 is a provider of microprocessor-based cards and associated applications systems for the banking, mobile communications and network security industries. The deal includes Bull
CP8 and its operating subsidiaries in Mexico, Netherlands, Sweden, the UK and the U.S., as well as its equity interest in several subsidiaries, including Cardsoft, Cyber-COMM, SPOM, Trusted Logic and Xiring.
According to Schlumberger, the acquisition will provide the company with complementary R&D and smart card technology capabilities, especially in the banking segment.
