Orange: completes acquisition of Basefarm Holding
(CercleFinance.com) - This morning Orange announced that it has acquired 100% of Basefarm Holding, through its Orange Business Services division, after the transaction was approved by the relevant competition authority.
Basefarm is a European company operating in the field of infrastructure, cloud services, critical application management and data analysis. In 2017, the company generated sales of over 100 million euros in various European countries - particularly Norway, Sweden, the Netherlands, Austria and Germany.
“This acquisition will complement Orange Business Services' existing catalogue of offers and will reinforce its strategic position by bringing a new source of expertise and innovative technologies, particularly in data management, the management of critical applications, Big Data and multi-cloud services,” Orange said in a statement.
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Basefarm is a European company operating in the field of infrastructure, cloud services, critical application management and data analysis. In 2017, the company generated sales of over 100 million euros in various European countries - particularly Norway, Sweden, the Netherlands, Austria and Germany.
“This acquisition will complement Orange Business Services' existing catalogue of offers and will reinforce its strategic position by bringing a new source of expertise and innovative technologies, particularly in data management, the management of critical applications, Big Data and multi-cloud services,” Orange said in a statement.
Copyright (c) 2018 CercleFinance.com. All rights reserved.