Cancom sells off UK and Ireland business to Spanish firm for almost €400m

Microsoft Gold partner says the sale to Telefonica Tech follows a 'strategic review' at the company

clock • 2 min read

Cancom has sold off its UK and Ireland business to Madrid-based technology services company Telefonica Tech for a sum of €398m (£338.74m). The valuation represents 15.8 times Cancom UK&I's EBITD...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
CANCOM downgrades FY23 guidance

Reseller

The reseller also shrank expectations for its FY22 results

clock 03 August 2023 • 2 min read
Hess steps down as CEO of Telefónica Tech UK&I

Reseller

The firm's vice president of sales and marketing Mark Gorton will now take on the role

clock 18 July 2022 • 2 min read
Telefónica Tech acquires Microsoft Dynamics partner Incremental for £175m

Reseller

Acquisition follows that of Cancom’s UK&I business last year

clock 22 March 2022 • 2 min read

More on Reseller

Three security pros place their bets on 2024 security trends

Three security pros place their bets on 2024 security trends

Performanta, Saepio and Adarma have their say on what will influence security in the channel this year

Kelsey Rees
clock 01 March 2024 • 5 min read
'iDoo Tech provides an opportunity to strengthen our Apple business in Spain': Bechtle on latest acquisition

'iDoo Tech provides an opportunity to strengthen our Apple business in Spain': Bechtle on latest acquisition

German reseller is hoping to achieve Apple authorised enterprise reseller status

Andrea Gaini
clock 29 February 2024 • 2 min read
SCC opens new security operation centre in Birmingham

SCC opens new security operation centre in Birmingham

The SOC is part of a wider investment in the reseller’s cyber division

Andrea Gaini
clock 28 February 2024 • 2 min read