M&A Deal Summary

Telefonica Acquires Cancom UK&I

On July 29, 2021, Telefonica acquired information technology company Cancom UK&I from Cancom for 398M EUR

Acquisition Highlights
  • This is Telefonica’s 1st transaction in the Information Technology sector.
  • This is Telefonica’s largest (disclosed) transaction.
  • This is Telefonica’s 3rd transaction in the United Kingdom.

M&A Deal Summary
Date 2021-07-29
Target Cancom UK&I
Sector Information Technology
Buyer(s) Telefonica
Sellers(s) Cancom
Deal Type Divestiture
Deal Value 398M EUR

Target

Cancom UK&I

Wisborough Green, United Kingdom
website
Cancom UK&I delivers a range of technology services across the public and private sectors, holding the highest accreditations from technology and software leaders, leveraging UK&IE data centres that hold many certifications, including Government Official Status. Cancom UK&I was formed in 1990 and is based in Wisborough Green, United Kingdom.

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Buyer(S) 1

Buyer

Telefonica

Madrid, Spain

website

Category Company
Founded 1924
Sector Communications
Employees111,490
Revenue 40.0B EUR (2022)
DESCRIPTION

Telefonica is a telecommunications group that provides fixed and mobile telephony services through networks in Spain, Europe, and Latin America. Telefonica was founded in 1924 and is based in Madrid, Spain.

DEAL STATS #
Overall 10 of 10
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 3 of 3
Year (2021) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Telefónica Colombia

Colombia

Telefónica Colombia is one of the biggest drivers of the digital economy in the country that operates under the trademark Movistar, is mainly focused on the businesses of mobile communications and connectivity, broadband services, fiber optics to the home, paid television, fixed-line communications, and a complete range of digital solutions for small, medium, and large companies and corporations.

Sell -

Seller(S) 1

SELLER

Cancom

Munich, Germany

website

Category Company
Founded 1992
Sector Information Technology
Employees4,102
Revenue 1.3B EUR (2021)
DESCRIPTION

Cancom is an IT Cloud Business Transformation Partner in Europe, the CANCOM Group has generated a turnover in the region of more than 700 € million euros and has 30 locations in Germany and Austria as well as a subsidiary on the West Coast of the USA. Cancom was founded in 1992 and is based in Munich, Germany.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 3 of 3
Type (Divestiture) 3 of 3
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-22 Synaix It

Aachen, Denmark

Synaix It Gmbh is an IT service provider with a comprehensive portfolio of digital transformation solutions. Based on the 'as a service' model, it operates core digital processes in the areas of Standard IT, Managed IT and Digital Process Hosting on behalf of clients in various sectors. It provides IT services both from its own and from third-party computer centers. Synaix It Gmbh was established in 1993 and is headquartered in Aachen, Denmark.

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