Global private investment firm KKR has agreed to acquire German IT services provider Datagroup in an all-cash deal valued at approximately €450m ($508m), according to a report by Bloomberg citing a company statement made on Tuesday.
Under the terms of the agreement, KKR will pay €54 per share, representing a 33% premium over Datagroup’s most recent closing price of €40.75. Once the transaction is completed, Datagroup will be delisted from the Frankfurt Stock Exchange.
The deal is expected to close in Q3 2025, subject to customary closing conditions and regulatory approvals.
Datagroup, which employs around 3,700 staff across Germany, provides IT outsourcing and managed services to mid-sized enterprises and public sector clients. The company forecast revenues of €545 tom €565m for the full year, as announced in March.
