Telefónica Tech strengthens its IT position in the United Kingdom
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Telefónica Tech has acquired Incremental, a leading company in digital transformation and data analysis and a Microsoft partner, for 175 million pounds. With this new acquisition, Telefónica Tech UK&I significantly increases its scale in the United Kingdom.
In addition, the Incremental employees will form part of the Telefónica Tech UK&I workforce, which will number some 1,000 highly qualified professionals. In this way, the British subsidiary contributes almost 25% of the total workforce of Telefónica Tech.
“We can offer end-to-end Microsoft services, including digital transformation, managed services and data analytics, and achieve attractive cross-selling synergies with Telefónica Tech UK&I, complementing each other and positioning ourselves as a leading UK company focused on Microsoft” , explains José Cerdán, CEO of Telefónica Tech.
One of the largest Microsoft partners in the UK
With this new acquisition, Telefónica Tech significantly increases the scale and skills in Microsoft technologies, making it one of the largest Microsoft partners in the UK, with 16 Gold skills and 5 Advanced Specialisations. With these capabilities, Telefónica Tech consolidates its leadership position in the UK market, considered the largest IT services market in Europe and the fastest growing.
Telefónica Tech acquires Incremental to strengthen its leading position in the UK IT market
The incorporation of the capabilities of business applications, power apps, data analytics and management What it has Increasing Telefónica Tech UK&I’s portfolio of cloud services will allow it to have an end-to-end cloud offer for medium-sized customers, large companies and Public Administrations.
Telefónica Tech consolidates its organic and inorganic growth
This new acquisition by Telefónica Tech adds to the operations carried out last year: the integration of acens, the purchase of Altostratus, the acquisition of Cancom UK&I, now Telefónica Tech UK&I, and the incorporation of Geprom, which served to strengthen their capabilities in Industry 4.0.
As Telefónica announced in the past 2021 Annual Results, Telefónica Tech closed the year with an annual increase in revenue of 33.6%, approaching 1,000 million euros. This consolidates the unit as a growth engine for Telefónica and continues to progress in one of the key pillars of the strategic plan that the company presented at the end of 2019.