- Local outlets suggest deal for data analysis outfit is nearing completion.
- €375m price tag mooted as Telefónica Tech continues M&A spree.
Telefónica is nearing the completion of the acquisition of BE‑terna in a deal worth €375m (£319m), according to multiple reports.
Sources close to the matter told Europa Press that the German data analysis specialist will be added to the Telefónica Tech stable. Expansíon reported that the deal will be finalised within the next few days.
Telefónica did not respond to requests for comment.
BE‑terna provides data analysis solutions with Microsoft Dynamics and Qlik for customers in verticals such as automotive, energy, and industry. It has approximately 1,000 employees and claims 1,650 customers.
Eyes on central Europe
The news follows an Expansíon interview with Telefónica Tech Chief Executive José Cerdán last month, in which he described Germany as “fundamental” to the division’s M&A plans.
BE‑terna is headquartered in Leipzig, but operates across central Europe. It has offices in Austria, Croatia, Germany, the Netherlands, Serbia, Slovenia, and Switzerland. It also has a presence in Scandinavia through offices in Denmark and Sweden, and established a new Norway base at the start of 2022 to reflect an ambition to “enhance its presence” in the region.
In April, it closed an acquisition of Austrian business intelligence solutions provider Heldendaten, through which BE‑terna “expanded its capacities” with technical expertise and an extended portfolio.
Telefónica Tech’s inorganic aims
The digital solutions subsidiary was set up in late‑2019 to grow the Group’s presence in big data, cloud, cybersecurity, and IoT. Since launch, it has been outspoken about its inorganic growth ambitions.
It has thus far delivered on its promise to be acquisitive. Moves include the purchase of data analytics provider Incremental Group and engineering technology group Geprom, buyouts of Altrostratus and Cancom UK & I (now Telefónica Tech UK&I), and the integration of 2011 acquisition acens.
- In February, the division also established an Advisory Board with a mission to “accelerate growth and improve competitiveness” and guide organic and inorganic initiatives.