Telefonica Buys German Cloud-Solutions Company
09 Maggio 2022 - 8:01AM
Dow Jones News
By Cristina Roca
Telefonica SA said Monday that it has agreed to buy 100% of
German company BE-terna Acceleration Holding GmbH and its
subsidiaries at an enterprise value of up to 350 million euros
($369.2 million).
The deal value includes potential earn-outs, the Spanish telecom
company said. It is buying BE-terna through its Telefonica Tech
subsidiary.
BE-terna mainly focuses on providing advanced cloud solutions
for companies' digital transformations, and operates in Germany,
Austria, Switzerland and Denmark, among other countries.
"With this acquisition, Telefonica Tech is consolidated in a
strategic market for the Telefonica Group such as Germany, while
incorporating a growth platform in new relevant markets in Europe,"
the company said.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
May 09, 2022 01:46 ET (05:46 GMT)
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