Lisbon, Jan. 27, 2025 (Lusa) - NOS announced on Monday that it has signed an agreement to buy the entire share capital of technology company Claranet Portugal for €152 million.
In a statement, the telecoms group said that "NOS and the Claranet Group on Monday signed an agreement for NOS to acquire 100% of the share capital of Claranet Portugal, for €152 million".
Claranet has been in the Portuguese market since 2005 and "has become a leading technological service company.
In fiscal year 2024, Claranet's total revenues "amounted to €205 million, driven by the continued robust growth of its services business, with EBITDA [earnings before taxes, interest, depreciation and amortisation] reaching €15.4 million".
The purchase of Claranet Portugal "will allow NOS to increasingly assert itself as the national reference company in the communications and information technology segments, expanding its capabilities in a fast-growing sector and strengthening its value proposition in business areas such as cloud, workplace, cybersecurity and data & AI, among others".
"Today's agreement with Claranet reinforces our goal of leadership in ICT services in Portugal. NOS has been on a path of great growth in the information technology services segments, which this acquisition accelerates," said NOS CEO Miguel Almeida, quoted in a statement.
"By adding Claranet's skills, experience and assets, we reinforce our ambition to provide innovative solutions that meet the needs of Portuguese companies, institutions and organisations and drive the technological transformation of the economy and digital society," and “with this step, we strengthen our position as the trusted technology partner for companies and institutions in Portugal,” concludes the CEO.
Claranet Portugal has over 900 employees and "will continue to operate autonomously, preserving its identity, management, teams and solid customer base, factors that have driven its success over the last 10 years".
The conclusion of this agreement "is subject to the non-opposition of the Competition Authority", says NOS.
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