THE EUROPEAN Commission has cleared the acquisition by US-based smart card manufacturer Schlumberger of Sema, the British information technology and business services company. Sema provides primarily standardised software and consulting services, such as data management, customer care, billing and call centres.

Brussels approved the deal, claiming that the two company's businesses were "to a large extent complementary with very limited overlaps mostly in the area of application software and information technology services." As a ...

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