Monday, January 23, 2012

KPN Sells its Getronics Consulting Arm to Aurelius

Royal KPN is selling its Getronics divisions in Europe and APAC to Aurelius, a private equity firm. Financial terms were not disclosed.

Europe and APAC is an IT service provider offering workspace management, data management and hosting, as well as consulting services. The deal covers Getronics operational units in seven European and five APAC countries, with a total of 2,900 staff members and a turn-over of approximately 450 million euros in 2011. KPN will remain a long-term strategic partner via a minority stake in Getronics Europe and APAC.

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