Telefónica Tech has bought Microsoft Dynamics partner Incremental for up to £175 million.
Telefónica Tech claims the deal will “strengthen its capabilities and presence” both in the UK and Ireland.
Incremental is based in Glasgow but with offices in India and Bulgaria, Incremental focuses on the data and analytics market and has been a Microsoft Business Applications Inner Circle member for the past three years.
Telefónica Tech CEO José Cerdán said that the move strengthens his companies position as a leader in the UK market for IT services.
“We are now able to provide end-to-end Microsoft services, including digital transformation, managed services and data analytics, and achieve attractive cross-selling synergies with Telefónica Tech UK&I, complementing and positioning us as a leading Microsoft-focused company in the UK.”
The IT services arm of Spanish telco Telefónica has continued to focus its efforts on expanding in the region in recent years and last year acquired the UK and Ireland operations of Cancom for €398 million.
The acquisition adds 350 employees to the company’s headcount to take its total to over 1,000, representing over 25 percent of TelefónicaTech’s global workforce.
Incremental Group CEO Neil Logan said: “I am immensely proud of what Incremental has achieved since our inception a little over five years ago.”
