Telefónica buys German technology company BE-terna for 350 million euros

TelephoneThrough its subsidiary Telefónica Tech, it acquired the German technology company BE-terna To Deutsche Private Equity (DPE) and other minority shareholders until 350 million euros (Including potential winnings).

BE-terna is one of the Top Five Partners in the Microsoft Dynamics Cloud in Europe, and while they specialize in driving digital transformation primarily based on Microsoft, they also work with Info and path UI and Qlik To improve the business operations of different sectors.

Founded in 2005the German technology company currently has a team of More than 1000 employees Spread over 28 locations in Germany, Austria, Switzerland, the Adriatic and Nordic countries, among other markets. Arrived around 2021 formal income 121 million euros and it is growing by more than 30% year on year, both organic and inorganic.

With this new acquisition, Telefónica Tech . enriches Geographical scope and capabilities For professional and managed services across Europe, solidifying it as one of the main European providers of Microsoft solutions, according to a statement from the company that it directs Jose Maria Alvarez Palette.

“As the pandemic dictates a faster transition to the cloud and a greater need for digital transformation, Microsoft stands as one of the preferred partners for these projects, and BE-terna is a leading European company in this field,” Telefónica CEO outlined, Jose Cerdanin the note.

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Telefonica Techwhose annual revenue approached 1,000 million euros in 2021 with an annual growth of 33.6%, carried out several growth operations last year after the integration of the cloud services company Boarding In April last year. Since then, the multi-cloud service provider and Google Cloud partner for Southern Europe, AltostratusAs well as the engineering company specializing in industrial automation and digital transformation of production processes in factories Geprom.

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In addition, Telefónica has consolidated this subsidiary in United Kingdom and Ireland Through acquisitions Cancom UK&I for 398 million euros And The additional set is approximately 209 million euros. These operations It worked to “enhance its capabilities in the cloud and build a leading technology company in these two markets.”

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