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Announced

Completed

Colt Technology Services completed the acquisition of the EMEA business from Lumen for $1.8bn.

Financials

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Transaction Value£1,568m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA11x
Share Price Premium-
One Off Charge-

Tags

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France

Cross Border

Single Bidder

Spain

Private

Poland

Ireland

Bulgaria

United Kingdom

Italy

Belgium

Netherlands

Majority

telecommunications services

Telecommunications Equipment

Friendly

Germany

Sweden

Acquisition

Completed

Synopsis

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Colt Technology Services, a provider of communication and information technology services, completed the acquisition of the EMEA business from Lumen, an American telecommunications company, for $1.8bn. "We're excited about what this transaction does for our customers and for Lumen. Our focus on building deep relationships with strategic partners allows us to simplify our business while delivering a seamless networking experience for our multinational customers. Through our strong relationship with Colt, both companies are well positioned for future growth," Kate Johnson, Lumen CEO.

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