mynth
07/2018

BASEFARM acquired by ORANGE

NORWAY IT Services / Infrastructure & Cloud / MSP (Managed Services) EV 300M - 700M EUR

Context

Orange SA has finalized a definitive agreement to acquire 100% of the capital of Basefarm Holding AS, a major European player in cloud infrastructure and critical application services. This strategic corporate buyout significantly reinforces Orange Business’ positioning within the highly competitive European corporate cloud computing services landscape. The transaction perimeter seamlessly incorporates Basefarm’s operational infrastructure distributed across Norway, Sweden, the Netherlands, Austria, and Germany, allowing Orange Business to instantly strengthen its continental geographic coverage. By absorbing Basefarm, Orange Business complements its existing portfolio with advanced, cutting-edge technologies and deep expertise in data management, critical application management, big data infrastructure, and multi-cloud services. The post-closing strategic rationale focuses on driving mutual growth.

By taking control of Basefarm, Orange continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Business & Decision in 2018.

BASEFARM, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Basefarm Holding AS operates as a European provider of cloud-based infrastructure, critical application management, and data analytics. With an established operational presence in Norway, Sweden, the Netherlands, Austria, and Germany, the company specializes in enterprise multi-cloud solutions and big data activities. The platform's business model centers on managing complex application workflows and delivering technical solutions tailored to corporate clients. The company's value proposition is anchored in its data architecture capabilities, specifically within sectors such as big data processing and artificial intelligence framework deployment. Supported by a specialized engineering workforce, Basefarm enables its corporate customer base to optimize IT infrastructure, secure system uptime, and leverage data-driven insights. The firm's long-term strategy focuses on continuous research and development to improve its services, alongside a sustainability program aimed at reducing the environmental footprint of its cloud operations. This structural framework allows the platform to address expanding requirements in the European enterprise cloud market.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BASEFARM by ORANGE are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: orange