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
