Lucent Makes British Purchase, May & Speh Acquires Sigma, and Budget Partners with Northwest

Strategic Insights -

In a move to expand its global presence, Lucent Technologies Inc. has announced the acquisition of UK-based SDX Business Systems Plc for $202 million. The acquisition is expected to add strength to Lucent's product lineup and technology offerings. Meanwhile, May & Speh Inc. has acquired Sigma Marketing Group Inc. for $20 million in cash and an undisclosed amount of stock, solidifying its position in the database marketing industry. Furthermore, Budget Rent a Car Corp. has formed a strategic partnership with Northwest Airlines, offering free miles to WorldPerks frequent-flier plan members.

Key Takeaways:

  • Lucent Technologies Inc. has acquired UK-based SDX Business Systems Plc for $202 million, expanding its product lineup and technology offerings.
  • SDX's 340 employees will become part of Lucent and remain in the UK, contributing to the company's global presence.
  • The acquisition is expected to result in a fourth-quarter charge for in-process research and development.
  • May & Speh Inc. has acquired Sigma Marketing Group Inc. for $20 million in cash and an undisclosed amount of stock, adding to its database marketing capabilities.
  • Sigma Marketing Group Inc.'s 1997 revenue was approximately $8 million, primarily derived from the credit card, retail banking, insurance, and investment industries.
  • Budget Rent a Car Corp. has formed a partnership with Northwest Airlines, offering free miles to WorldPerks frequent-flier plan members.
  • The partnership is a "good fit" due to Northwest's strong US system, presence in Asia, and alliances with other airlines.
  • Both May & Speh and Budget Rent a Car Corp. are based in the Lisle and Downers Grove areas, respectively.

Statistics:

  • Lucent Technologies Inc.'s acquisition of SDX Business Systems Plc is valued at approximately $202 million.
  • SDX Business Systems Plc has 340 employees who will become part of Lucent.
  • May & Speh Inc. acquired Sigma Marketing Group Inc. for $20 million in cash and an undisclosed amount of stock.
  • Sigma Marketing Group Inc.'s 1997 revenue was approximately $8 million.
  • Budget Rent a Car Corp. has partnered with Northwest Airlines, offering free miles to WorldPerks frequent-flier plan members.

Sources:

  • Bloomberg News
  • Lucent Technologies Inc.
  • May & Speh Inc.
  • Sigma Marketing Group Inc.
  • Budget Rent a Car Corp.