Announced
Financials
Sources
Tags
Pending
Private
Acquisition
Italy
IT Services: Other
Friendly
ICT consultancy
Majority
Single Bidder
Synopsis
Telecom Italia, an Italian telecommunications company, agreed to acquire Noovle, an Italian ICT consultancy and system integration company specialised in the supply of cloud projects and solutions. Financial terms were not disclosed. “We are happy to welcome Noovle into TIM’s Group. As the reference partner of Google Cloud in Italy, it will allow us to complete our expertise in this sector. With the synergies it will bring, we expect a significant acceleration on the supply front and strengthening of our position on the market. In welcoming Noovle’s professionals, I reflect on the ambitions of TIM’s Cloud project and look forward to the path we are going to take together," Carlo D’Asaro Biondo, TIM Executive Vice President - Cloud Project.
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