The FINANCIAL -- Telia Company acquires the Finnish IT service provider Cloud Solutions CS Oy.
The transaction is the latest in a series of acquisitions that strengthens Telia Company's cloud and cyber competences.
Cloud Solutions CS Oy is a Finnish IT service provider with core competences in cloud services, cyber and data security, and data center operation. The company’s 35 employees help customers with defining cloud strategy and implementation of IT solutions.
The parties have agreed not to disclose the value of the transaction, according to Telia.
Telia Company has carried out several acquisitions in Finland to strengthen its position as a full-service ICT provider. In 2017, the ICT service company Nebula, identity and access right management company Propentus and IT services company Inmics, joined the Telia Company family.
”Within a year, we have acquired four leading companies in their respective expertise areas. Together with our recruitment campaign for top ICT talents, this will accelerate our transformation towards becoming the most comprehensive ICT powerhouse in the market”, says Jussi Salminen, Head of Enterprise at Telia Finland and continues: “The new subsidiaries, together with our data center starting soon, will help us reach our significant growth targets in the ICT area. Besides growth, the subsidiaries have an important role in our cultural transformation.”