Orange Acquires Basefarm Holding and Becomes a European Leader in Cloud Computing Services for the Enterprise Sector
Orange (ORAN)
US:NYSE Investor Relations:
orange.com/en/investors/results-and-presentation
Company Research
Source: Business Wire
Orange announces the acquisition of 100% of the capital of Basefarm Holding AS, a major player in cloud infrastructure and critical application services in Europe This acquisition is set to reinforce Orange Business Services’ position in the cloud computing services market for which it is already leader in France and a significant player in Europe PARIS--(BUSINESS WIRE)-- Following a competitive tender process initiated by Abry Partners for its stake in Basefarm, the Orange Group, through its enterprise subsidiary Orange Business Services, has announced today the signature of a contract to acquire 100% of the company’s capital for an enterprise value of 350 million euros. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180716005214/en/ Basefarm is a leading European player in cloud-based infrastructure and s
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