Orange acquires Basefarm Holding and becomes a European leader in cloud computing services for the enterprise sector
16 Julio 2018 - 1:37AM
Press release
Paris, 16 July 2018
Orange acquires Basefarm Holding
and becomes a European leader in cloud computing services for the
enterprise sector
-
Orange announces the acquisition of 100% of the
capital of Basefarm Holding AS, a major player in cloud
infrastructure and critical application services in Europe
-
This acquisition is set to reinforce Orange
Business Services' position in the cloud computing services market
for which it is already leader in France and a significant player
in Europe
Following a competitive tender process initiated by Abry Partners
for its stake in Basefarm, the Orange Group, through its enterprise
subsidiary Orange Business Services, has announced today the
signature of a contract to acquire 100% of the company's capital
for an enterprise value of 350 million euros.
Basefarm is a leading European player in
cloud-based infrastructure and services, as well as the management
of critical applications and data analysis. The company, which
recorded revenues of over 100 million euros in 2017, has enjoyed
strong growth since 2015. Basefarm has a strong operational
presence in several European countries, particularly in Norway,
Sweden, the Netherlands, Austria and in Germany, where it boasts a
cutting-edge big data activity. Its business proposition lies at
the forefront of the most innovative services in cloud computing,
Big Data and Artificial Intelligence thanks to the
widely-recognized expertise of its 550 employees and to the high
satisfaction from its customers.
Following the recent purchase of Business &
Decision, the acquisition of Basefarm represents an important step
forward in Orange Business Services' development strategy. With
its existing team of 1,600 cloud
computing experts, Orange Business
Services is currently growing by around 15
to 20% each year on the global market in this
sector. The acquisition of Basefarm will complement its existing
catalogue of offers and will reinforce its strategic position by
bringing a new source of expertise and innovative technologies,
particularly in data management, the management of critical
applications, Big Data and multi-cloud services. The addition of
Basefarm will also complete the geographical reach of Orange's
services, enabling it to become a leading player in Europe.
By joining forces with Orange Business Services,
Basefarm will gain a unique opportunity to accelerate growth in
public and private cloud-services while benefitting from access to
Orange's global networks and infrastructure.
"We are very proud to announce the acquisition
of Basefarm, which will mark a major milestone in our
international development. In particular, the company's integration
will enable us to significantly extend our Big
Data and critical application
management services on a rapidly consolidating market. In
addition to our ability to offer access to public or private cloud
infrastructure, it is above all our capacity to propose enriched,
automated services to our customers, wherever they are in the
world, that will enable us to support companies as they transform
onto new, digital models based on cloud-computing, Big Data and
Artificial Intelligence," said Helmut Reisinger, Chief Executive
Officer of Orange Business Services.
The closing of the transaction is expected to take
place during the third quarter of 2018 and is conditional upon the
approbation of the relevant competition authorities.
About Orange
Orange is one of the world's leading
telecommunications operators with sales of 41 billion euros in 2017
and 150,000 employees worldwide at 31 March 2018, including 91,000
employees in France. The Group has a total customer base of 263
million customers worldwide at 31 March 2018, including 202 million
mobile customers and 20 million fixed broadband customers. The
Group is present in 28 countries. Orange is also a leading provider
of global IT and telecommunication services to multinational
companies, under the brand Orange Business Services. In March 2015,
the Group presented its new strategic plan "Essentials2020" which
places customer experience at the heart of its strategy with the
aim of allowing them to benefit fully from the digital universe and
the power of its new generation networks.
Orange is listed on Euronext Paris (symbol ORA)
and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your mobile:
www.orange.com, www.orange-business.com or to follow us on Twitter:
@orangegrouppr.
Orange and any other Orange product or service
names included in this material are trademarks of Orange or Orange
Brand Services Limited.
Press contact: +33 1 44 44 93
93
Tom Wright; tom.wright@orange.com |
|
CP_Orange_Basefarm-EN_150718.pdf
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Source: Orange via Globenewswire
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