Telefónica has acquired German technology company BE-terna for 350 million . bought in

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).