IT Services Provider Getronics Acquires Colt's Managed Cloud Business

IT services provider The Getronics Group has announced that it has expanded its European Cloud business via the acquisition of Colt’s managed cloud business. Financial terms of the deal were not disclosed. The deal is subject to regulatory and competition clearances and compliance with local labour laws. 

The deal includes the purchase of Colt’s cloud technologies and support services across 10 countries namely: UK, France, Germany, Spain, The Netherlands, Belgium, Italy, India, Romania and Switzerland. The financial terms of the deal are undisclosed. The completion of this transaction is subject to regulatory and competition clearances and compliance with local labour laws.

The Getronics Group will run the managed cloud services supplied to Colt’s customer base, using Colt’s own infrastructure and data center capabilities. Colt Managed Cloud has about 600 customers across multiple verticals- financial services, media and government. The company employs staff working across operations, transition and engagement, presales, service management and support services. 

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Headquartered in Amsterdam, The Netherlands, The Getronics Group is an ICT Services group consisting of the Getronics and Connectis brands and is owned by the Aurelius Group, a Munich, Germany-based holding company. The company has 6,000 employees in 18 countries across Europe, Asia Pacific and Latin America, and sells integrated ICT services for the large corporate and public sector markets. Getronics’ ICT service includes workspace, applications, communication, data center, cloud, consulting, product and managed service. The Getronics Group has previously acquired the Spanish application service divisions of Thales, Telvent and Steria Iberica, which strengthened the company’s apps expertise. It also acquired NEC’s unified communication sales & service business in four countries, which strengthened the company’s unified communication capabilities. 

Mark Cook, CEO The Getronics Group CEO, said in a statement: “We have been relentlessly pursuing our digital transformation and portfolio shift strategy and today’s announcement demonstrates our commitment to offering the latest, best of breed IT services to our customers. We are delighted with this latest acquisition, and we are looking forward to welcoming the transferring customers and employees into the Getronics family in the New Year.”

Rakesh Bhasin, Colt Chief Executive Officer, said in a statement: “I am pleased that we have reached an agreement with Getronics, a leading European provider of IT Services. This transaction is a positive step for our customers as it provides an expanded set of innovative services and long term security from an established, growing company. It also provides an exciting future for our employees. We look forward to partnering with Getronics through this transaction on a long term basis.”

Founded in 1992 and based in London, England, Colt is a multinational telecommunication, IT managed services and data center services company. It provides network, voice and data center services to thousands of businesses around the world. Colt operates across Europe, Asia and North America regions. The company’s customer include 18 of the top 25 banks and diversified financial groups and 19 out of the top 25 companies in both global media and telecom industries. it also works with over 50 exchange venues and 13 European central banks.

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Colt provides network, voice, and data centre services to thousands of businesses around the world, allowing them to focus on delivering their business goals instead of the underlying infrastructure. 

In addition, Colt Managed Cloud has been named as a market leader in Cloud enabled Hosting for three consecutive years by research firm Gartner in its Magic Quadrant report.

Image credit: Essers