Swisscom acquires ICT firm

Swisscom has today announced the acquisition of Swiss-based ICT service provider Veltigroup and a number of its subsidiaries.

Veltigroup offers comprehensive ICT services to businesses, and the deal also includes its companies LAN expert, insentia and ITS. Swisscom hopes the acquisition will help to extend its ICT service portfolio for business customers.

“Digitisation is presenting Swiss companies with new opportunities and challenges; we want to be there for our customers during this transition to a digital world in the best way possible,” said Christian Petit, head of enterprise customers at Swisscom

“Thanks to the expertise and market presence of Veltigroup and its individualised production processes, we can address customer needs and implement solutions faster and better than before.”

Veltigroup will provide Swisscom with know-how in streamlined ICT production, as well as strengthen its position in the French-speaking region of western Switzerland. 

“In future, customers will have a comprehensive ICT provider offering a combination of local expertise and customer proximity from Veltigroup and the stability, security and innovative power of Swisscom that is unique in Switzerland,” said Nicolas Fulpius, CEO at Veltigroup. 

The deal has been approved by the Federal Competition Commission (COMCO) and will be effective of January 2015. Details of the purchase price have not been disclosed.