Vodafone said Thursday it has agreed to acquire German cloud-services specialist Skaylink for 175 million euros, bolstering its digital offerings for business customers as part of a wider corporate overhaul.
Skaylink is a full-service cloud, digital transformation, and security specialist with over 500 employees across Europe, according to the company.
The acquisition will provide Vodafone's business and public sector clients with access to an enhanced suite of digital services, particularly in cloud management and artificial intelligence solutions.
Vodafone said the transaction is part of its business division's ambition to accelerate growth in security, managed services, and cloud.
The company is acquiring Skaylink from funds managed by private-equity firm Waterland and expects the deal to close by the end of March 2026, subject to regulatory approvals.
The deal is the latest strategic move under Chief Executive Margherita Della Valle, following the recent completion of an acquisition in Romania and a major investment in 5G spectrum in Turkey.
More from this issuer
Related coverage
Vodafone reported higher first-half revenue and profit, raised its full-year outlook, and announced a new dividend policy, citing momentum from its ongoing corporate transformation.
Vodafone and its partner AST SpaceMobile will establish their main European satellite operations center in Germany to manage a new satellite network, the companies said Friday.
Vodafone's Turkish subsidiary will pay $627 million for new 5G spectrum following a government auction, the British telecommunications company said Thursday.
Vodafone said Wednesday it has completed the acquisition of Telekom Romania Mobile Communications' post-paid customer business, the latest move in a wider corporate restructuring at the British telecommunications company.