M&A Deal Summary

Vodafone Group Acquires Skaylink

On October 30, 2025, Vodafone Group acquired information technology company Skaylink from Waterland Private Equity for 175M EUR

Acquisition Highlights
  • This is Vodafone Group’s 1st transaction in the Information Technology sector.
  • This is Vodafone Group’s 6th largest (disclosed) transaction.
  • This is Vodafone Group’s 2nd transaction in Germany.

M&A Deal Summary

Date 2025-10-30
Target Skaylink
Sector Information Technology
Buyer(s) Vodafone Group
Sellers(s) Waterland Private Equity
Deal Type Add-on Acquisition
Deal Value 175M EUR

Target

Skaylink

Garching, Germany
Skaylink is a company that provides cloud-focused IT services and supports businesses through their “cloud journey,” offering services such as strategy, migration, cloud-native applications, infrastructure, security, compliance and managed cloud operations. Skaylink was founded in 2020 and is based in Garching, Germany.

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Buyer(S) 1

Buyer

Vodafone Group

Newbury, United Kingdom

Category Company
Founded 1984
Sector Communications
Employees88,780
Revenue 37.4B EUR (2025)
DESCRIPTION

Vodafone Group is a multinational telecommunications company. Vodafone operates networks in 21 countries and provides communications and IT services to corporate clients in over 65 countries. Vodafone Group was founded in 1984 and is based in Newbury, United Kingdom.


DEAL STATS #
Overall 11 of 11
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 8
Country: Germany M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Vodafone Italia

Ivrea, Italy

Vodafone Italia provides telecommunication services and also offers mobile, broadband, and TV services. Vodafone Italia is based in Ivrea, Italy.

Sell €8.0B

Seller(S) 1

SELLER

Waterland Private Equity

Bussum, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Waterland Private Equity Investments BV is a private equity firm focused on mid-sized company investments in Central Europe. Waterland looks for businesses with €10 to €200 million in revenue and generally seeks companies operating in fragmented markets or industries undergoing change as a result of: outsourcing, the aging population, and a growing population with increased purchasing power. The Firm typically partners with entrepreneurs and management teams to accelerate the growth of their businesses or complete buyouts and consolidation strategies. Waterland Private Equity Investments was formed in 1999 and is based in Bussum, the Netherlands.


DEAL STATS #
Overall 58 of 58
Sector: Information Technology M&A 7 of 7
Type: Add-on Acquisition M&A Deals 28 of 28
Country: Germany M&A 16 of 16
Year: 2025 M&A 1 of 1
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-30 Wellness Sport Club

Lyon, France

Wellness Sport Club provides a network of fitness clubs offering an extensive range of activities and services. Wellness Sport Club premium offer includes access to the widest range of services (swimming pool, sauna, hammam, coaching,...) and activities (boxing, yoga, pole dance, zumba, aquabiking). Wellness Sport Club was established in 2007 and is based in Lyon, France.

Buy -