Vodafone Acquires German Cloud Services Firm Skylink for €175 Million
Deep News
Oct 30
UK telecom giant Vodafone Group PLC announced on Thursday that it will acquire German cloud and digital transformation company Skylink from private equity firm Waterland for €175 million (approximately $200.9 million) to expand its service offerings.
Skylink employs over 500 staff across Germany and Europe, specializing in managing cloud deployments on Microsoft and Amazon Web Services platforms while implementing AI solutions for enterprise clients.
The deal, pending regulatory approval, is expected to close by the end of March 2026.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.