Telefónica, through its subsidiary Telefónica Tech, has entered into an agreement with certain investment funds managed by Deutsche Private Equity GmbH (and other sellers) for the acquisition of 100% of the shares of the German technology company BE-terna Group for an amount of up to EUR 350 million, including potentially variable remuneration (‘earn-out’).
With this acquisition, telefonica tech Telefonica consolidates itself into a strategic market for the group, such as Germany, by including a platform for development in new relevant markets in Europe, as reported to the National Securities Markets Commission (CNMV) this Monday.
Microsoft Preferred Companion
BE-TERNA GROUP Being the ‘Gold Partner’ of Microsoft, a business group primarily dedicated to providing advanced solutions in the cloud for the digital transformation of companies.
In 2021, it will be 1. reached at€21 million of Proforma revenue through its operations in other markets, Germany, Austria, Switzerland and Denmark.
telephonica has specified that the valuation of the operation is based on a multiple of 13.7 EV/Oibda post-Synergy and its expected results for the 2022 fiscal year.
The cessation of operations is subject to authorization by the Competition Authority. Germany (Federal Cartel Office).