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Announced

Completed

Telefónica completed the acquisition of Altostratus Cloud Consulting.

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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Acquisition

Digital Services

Private

Domestic

Majority

Single Bidder

Completed

Spain

Friendly

cloud consulting

Synopsis

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Telefónica, a Spanish multinational telecommunications company, completed the acquisition of Altostratus Cloud Consulting, a cloud consulting company. Financial terms were not disclosed. "Being part of Telefónica Tech completes a journey that began more than five years ago so that we could become the leader in Google Cloud services in Spain. We consider it a natural step in our relationship with Telefónica after several years of working together with our customers in their digital transformation process," Daniel Aldea, Altostratus CEO.

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