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New Deal


Announced

Telecom Italia to acquire Noovle.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

Acquisition

Italy

IT Services: Other

Friendly

ICT consultancy

Majority

Single Bidder

Synopsis

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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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