Tuesday, July 15, 2025
24.3 C
Lagos

Ericsson to Acquire IT Services Capabilities from France’s Devoteam

­Ericsson has announced that it is buying the Devoteam Telecom & Media operations in France. The deal will see 400 France-based, IT services professionals join Ericsson. It includes also the acquisition of TV SmartVision operations.

Financial terms were not disclosed.

The completion of the acquisition is subject to consultation and customary closing conditions. It is expected to take place by the beginning of Q2, 2013.

Ericsson said that the acquisition is in line with its strategy to broaden its IT capabilities.

“Acquiring activities of Devoteam adds unique expertise in complex, strategic and technical consulting engagements that will enable us to immediately enhance the value that we bring to our customers,” says Magnus Mandersson, Ericsson’s Executive Vice President and Head of Business Unit Global Services.

Derek Nutley, Telecoms Director at Devoteam declared: “Ericsson is a key business partner of Devoteam – notably in UK and Mediterranean countries – and we hope that this transaction will further strengthen our relationship. I am convinced that the teams of Devoteam Telecom & Media in France will benefit from Ericsson’s end-to-end know-how, scale and global presence.”

Devoteam is a provider of ICT consulting with 5,000 employees in Europe, Middle East and Africa

spot_img
spot_img
spot_img

Hot this week

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...

Polaris Bank Partners Woodhall Capital, UK, Lagos State in ₦1.5bn Creative Economy Fund

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu,...

Heirs Insurance Group Reports N61bn GWP in 2024, an Increase of 70%

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

SanlamAllianz Partners NCRIB on 2025 Empowerment Series

Dr. Abosede Adegbite, Consultant, Family Physician; Tope Adaramola, Executive...

Topics

Female Entrepreneurs Get Boost as SME.NG Unveils Ebi Marketplace Aug 1

SME.NG has unveiled a new e-marketplace platform with the...

Sanlam General Insurance Posts N11.4bn GWP, Pays N3.1bn Claims in 2022

  Bode Opadokun Managing Director/CEO Sanlam General Insurance Nigeria Limited Sanlam General Insurance...

GOCOP Partners NCDMB, NCC, Dangote, NCAA, UBA for 2024 Conference

Partners for the eighth annual conference of the Guild...

Global Airlines Financial Monitor [March 2O16]

Key Points: · Global airline share prices continued their recovery...

FOR THE RECORD

The Speech of the President of the Association of...

THE MERCURY DEBATE: WHO Welcomes International Treaty on Mercury

The World Health Organization (WHO) welcomes of the approval...

GT Bank Unveils Dusty Manuscript Literature Contest

Guaranty Trust Bank Plc, has launched the Dusty Manuscript...

MTN, Orange Launch Mobile Money Services Across Africa

Two of Africa’s largest mobile operators and mobile money...
spot_img

Related Articles

Popular Categories

spot_imgspot_img