Didier Lamouche, Chairman and CEO of Bull declared: "The acquisition of s+c is one of the most important investments the company has made since 2005 supporting its strategic repositioning. The combination of Bull and s+c will create a powerhouse in the European HPC landscape. s+c will bring its experience in HPC solutions and services for customers in the manufacturing sector, and will contribute to expand Bull's offering towards infrastructure services. Coming on the back of our recent selection as prime contractor for the 200-Teraflop supercomputer for the Jülich research centre, this acquisition also provides the Group with a significant foothold in the key German market."

Didier Lamouche added: "Together with the divestment we are announcing today, this acquisition demonstrates our determination to accelerate further the transformation of the Group."

Bull will provide s+c with the resources it needs to enhance its own technological and commercial development. Based in the Stuttgart area with offices in Munich, Berlin and Düsseldorf, s+c currently employs over 200 experts in HPC and technical computing. s+c is responsible for a large number of critical engineering infrastructure projects in the automotive market, and will benefit from gaining access to Bull's offerings and expertise in very large-scale IT architectures. The company will maintain its operational independence, as well as its own management team, while at the same time benefiting from financial and industrial synergies with Bull.

According to Dr. Roland Niemeier, Chief Sales Officer and member of the Board of s+c: "We are excited to unite with Bull to create a force to be reckoned with in the HPC market in Europe by combining our strength and the talent of our teams with Bull's track record and huge expertise."

s+c recorded revenue of 26 million euro in fiscal year 2007-2008, ended June 2008. Financial terms of the transaction are not disclosed.