Getronics buys Colt’s Managed Cloud business

IT services provider The Getronics Group has bought Colt’s Managed Cloud business to add it to a portfolio that includes Getronics, GWA and Connectis. Service provider Getronics said it will now extend the range of offering to a client based it previously serviced on behalf of Colt.

The deal includes the acquisition of Colt’s cloud technologies and support services across the UK, France, Germany, Spain, the Netherlands, Belgium, Italy, India, Romania and Switzerland. The Getronics family of companies will now run the managed cloud services supplied to Colt’s customer base, using Colt’s own network, voice and data centre capabilities.

Colt Managed Cloud has 600 customers across multiple verticals including financial services, media and government. It employs staff working across operations, transition and engagement, presales, service management and support functions.

The Getronics Group, owned by Aurelius since its acquisition in 2012, has previously acquired the Spanish application services divisions of Thales, Telvent and Steria Iberica and NEC’s unified communications direct sales and services divisions in four countries. The Colt Managed Cloud was named as a market leader in Cloud enabled Hosting for three consecutive years by analyst Gartner, in its Magic Quadrant reports.

The Getronics Group has 6,000 employees in 18 countries across Europe, Asia Pacific & Latin America. The IT service provider division of the group has had a long running arrangement with Colt to run its services to its clients and the deal represents a formal transfer of ownership, according to Getronics CEO Mark Cook. “Today’s announcement demonstrates our commitment to offering the latest, best of breed IT services to our customers. We are looking forward to welcoming the transferring customers and employees into the Getronics family in the new year,” said Cook.

The financial terms of the deal are undisclosed.  The completion of this transaction is subject to regulatory and competition clearances and compliance with local labour laws.