NTT Communications has secured roughly 8.8 million shares, representing 78% of Integralis, a German-based systems integrator, as part of its bid to acquire the company. The announcement comes at the end of the mandatory acceptance period under the German Securities Acquisition and Takeover Act ended 14 October.

“We were optimistic from the onset that Integralis shareholders would recognise the benefits and strategic rationale of the partnership,” said Akira Arima, senior executive VP of NTT Com. “The support of Integralis shareholders has proven us right. With this in mind, we can confidently look forward to our joint future.”

The 8,756,668 shares secured by NTT Com are approximately 76% on the basis of 11,585,137 Integralis shares and voting rights.

Integralis is a systems integrator and consultancy with “a global network of branches” serving “a large number of blue-chip companies and public authorities as well as many national and international businesses.”

The company has an annualised revenue run rate of just over 160m euros. Much of the company’s revenues are derived from the UK, Germany, Austria, Switzerland and the US.

Commenting on its last results, Integralis said Managed Services and Support Services were particularly strong with growth of almost 25 percent and over 10 percent, respectively, while consulting, integration and training also achieved an above-average increase in revenues. Technology sales were down as the unfavourable economic conditions and the weakness of pound sterling exerted a more direct effect on this segment.