Orange Group acquired Basefarm
Torch Partners has acted as exclusive financial adviser to Orange on the acquisition of Basefarm.
Basefarm is a leading European player in cloud-based infrastructure and services, as well as the management of critical applications and data analysis. Basefarm has a strong operational presence in several European countries, particularly in Norway, Sweden, the Netherlands, Austria and Germany. Its business proposition lies at the forefront of the most innovative services in Cloud Computing, Big Data and Artificial Intelligence. By joining forces with Orange Business Services, Basefarm will gain a unique opportunity to accelerate growth in public and private cloud services while benefitting from access to Orange’s global networks and infrastructure.
Orange Group (EPA:ORA) is one of the world’s leading telecommunications operators with sales of €41bn in 2017 and 150K employees worldwide at 31-Mar-18. The Group has a total customer base of 263 million customers worldwide at 31-Mar-18, including 202 million mobile customers and 20 million fixed broadband customers.
The transaction adds to Torch’s strong track record in the hosting, colocation, cloud, and internet infrastructure space.
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