Orange Acquires Basefarm Holding and Becomes a European Leader in Cloud Computing Services for the Enterprise Sector
16 Julio 2018 - 2:22AM
Business Wire
- 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.
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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:
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@orangegrouppr.
Orange and any other Orange product or service names included in
this material are trademarks of Orange or Orange Brand Services
Limited.
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version on businesswire.com: https://www.businesswire.com/news/home/20180716005214/en/
Orange GroupTom Wright, +33 1 44 44 93
93tom.wright@orange.comorOrange Business ServicesMathilde
Kimmerlin, +33 1 55 54 63 54mathilde.kimmerlin@orange.com
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