3 March 2020 - UK-based telecoms advisory Analysys Mason has agreed to acquire Germany based telecom-focussed management consultancy Allolio and Konrad, the company said.
Terms of the transaction were not disclosed.
Within the last decade, Allolio and Konrad, has supported business and IT transformations within the German banking and utility sectors.
Analysys Mason said the acquisition represents an expansion that complements the work done by its Nordic offices and Telecom Software Research.
The office in Bonn will also form the basis of further expansion of established consulting and research offerings to existing and new German-based clients.
The transaction strengthens Analysys Mason's position in the market for strategic, digital transformation, IT transformation, and performance consulting, and broadening its skills base to support the accelerating demand for 5G expertise.
A presence in Germany complements the existing footprint of Analysys Mason's international offices, adding valuable skills and expertise to better serve its multinational clients.
The acquisition is subject to the approval by the German Competition Authorities and is expected to be finalised in March 2020.
Analysys Mason, a company of Datatec Group, is a global specialist adviser in telecoms, media and technology.
Northern Oil and Gas Closes Acquisition of Williston Basin Assets
Nerdy Acquires Coding Education Startup
Revenue Management Solutions Closes Acquisition of US Check Processing Firm OrboGraph
EVI Industries to Acquire Laundry Products Distributor Aldrich Clean-Tech Equipment Corp
American Pacific Mining to Acquire Constantine Metal Resources
UMeWorld to Acquire US Nutritional Supplements Sales and Marketing Firm
Iomart Group Closes Acquisition of IT Holding Company Concepta
Irish Residential Properties REIT Acquires 69 Newbuild Homes in Dublin
Mears Grp Acquires IRT Surveys in UK
Portmeirion Group Acquires AromaWorks London Home Fragrance Products Brand
Tatton Asset Management Closes Acquisition of 50% Stake in 8AM Global
Foresight Sustainable Forestry Acquires Three Afforestation Sites
Music Licensing Firm Pro Music Rights to Go Public via a Reverse Merger with Nuvus Gro Corp
Coalition Closes Acquisition of US Insurance Carrier from Munich Re
Adams Resources and Energy Closes Acquisition of Firebird Bulk Carriers, Phoenix Oil