Telefónica Tech completed the acquisition of Incremental for £175m.

Telefónica Tech, an intelligent managed security services provider, completed the acquisition of Incremental, a provider of information technology consulting services, for £175m ($230m). “We warmly welcome Incremental Group, and are delighted that this acquisition enables us to strengthen our position as a leader in the UK market for IT services. We are now able to provide end-to-end Microsoft services, including digital transformation, managed services and data analytics, and achieve attractive cross-selling synergies with Telefónica Tech UK&I, complementing and positioning us as a leading Microsoft-focused company in the UK," José Cerdán, Telefónica Tech CEO.