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Wednesday, May 22, 2024

A1 Austria to Acquire NTT Austria as Part of Digitalisation Strategy

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In Short:

A1 Austria is acquiring IT services provider NTT Austria GmbH, part of NTT Data Group, to meet the market’s digitalization demands. The deal, pending regulatory approval, will see all NTT Austria employees joining A1. Financial terms were not disclosed. A1 plans to strengthen its business segment and expand its international partnership with NTT Group. Both companies aim to reach more international customers through this collaboration.

A1 Austria to Acquire NTT Austria in Digitalisation Strategy
A1 Austria is set to acquire the IT services provider NTT Austria GmbH. A1 Austria will acquire 100 percent of the shares in NTT Austria GmbH after approval by the respective authorities, the telco said this week. This follows A1 Austria’s acquisition of NTT’s Alcatel Lucent telephony business in spring 2021.

Acquisition Announcement

NTT Austria GmbH is part of the NTT Data Group and provides cloud-based solutions, infrastructure, and security services. Financial terms of the deal were not disclosed.

A1 Austria said, “This is a further step towards meeting the increasing demands of the market for digitalisation. We are convinced that this transaction is a win-win situation for both sides. The business areas of NTT Austria GmbH and A1 complement each other perfectly, and at the same time, we will be able to exploit synergies in the future.”

“We will use and further develop NTT Austria GmbH’s existing ecosystem of providers and established partnerships and thus further strengthen our business segment,” A1 Austria added.

Operational Integration

NTT DATA emphasises, “Austria remains an important market for us. Regardless of the acquisition of NTT Austria GmbH by A1, NTT DATA DACH Austria will continue its business in a proven manner and serve joint customers in partnership with A1.”

A1 Austria confirmed that once the operational integration at A1 begins, all employees at NTT Austria GmbH will join its team after the acquisition gains regulatory approval.

International Partnership Expansion

In addition, A1 and the NTT Group intend to further expand their partnership on an international level. This allows A1 to expand its market reach beyond its current footprint and reach more international customers, the joint statement said.

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