Telephonethrough its subsidiary Telefónica Tech, has confirmed the purchase of the German technology company BE-terna to its majority shareholder, Deustche Private Equity, and to the rest of the minority shareholders, for which it will keep all of its shares, after paying around 350 million euros. The company is dedicated to the development of advanced solutions in the cloud, focused on offering facilities to companies for their digital transformation.
The German company is one of the main Cloud Microsoft Dynamics partners in Europe, in addition to being one of its gold partners in the area, and among others it works with Infor, UI Path and Qlik in optimizing business processes. There is still no approximate date for the closing of the operation, which will have to have the approval of the German authorities in charge of monitoring competition.
BE-terna tuco in 2021 revenues of 121 million euros, and presents a growth value of more than 30% year-on-year, after having carried out 15 successful integrations. It was founded in 2005, and currently has more than a thousand employees spread over 20 offices in Germany, Austria, Switzerland, the Nordic countries and the Adriatic area.
With its purchase, Telefónica expands and consolidates its presence in various European countries, and reinforces Telefónica Tech’s commitment to becoming a leading technology services company in Europe. In addition, the operation also serves Telefónica Tech to advance its growth strategy, which is one of the pillars of the group to drive its transformation. In 2021, Telefónica Tech had revenues close to 1,000 million euros, which represented a year-on-year growth for the group’s subsidiary of 33.6%.
José Cerdán, CEO of Telefónica Technotes that “As a state-of-the-art IT services integrator, our priority is to build and become leaders and continue to offer differential organic and inorganic growth. BE-terna will strengthen our Cloud capabilities in Germany and allow us to enter other Central European and Nordic markets. As the pandemic forces faster migration 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 player in this field.”.
As to Christian Kranebitter, founder of BE-ternastresses that “becoming part of Telefónica Tech is the next logical step in the development of BE-terna Group. Since our foundation, we have been striving to be a long-term stable and reliable partner for our customers. Telefónica Tech’s and BE-terna’s offerings are highly complementary and will allow us to serve existing and new customers with all the key technologies and solutions required to design, deliver and operate a successful digitization strategy. Today, many customers are moving more and more business-critical workloads to the cloud. Combining our existing solutions with Telefónica Tech’s offering creates a portfolio of solutions that ideally supports this transformation.”.