The Telefónica group has closed the acquisition of the Madrid consulting agency Altim, a agency specialised within the implementation and parameterization of SAP enterprise administration software program, for an quantity of round 30 million euros. This operation represents a strategic transfer for the telecommunications multinational, which seeks to strengthen its digital capabilities within the enterprise phase (B2B) inside its Spanish subsidiary.
The consulting agency, which is predicated in Las Rozas and is directed by Adriana Sola, shall be built-in below the company umbrella of Telefónica, offering a portfolio of greater than 300 shoppers and a workforce knowledgeable in optimizing important processes corresponding to finance, human assets and provide chain via German SAP expertise.
The disbursement agreed by the operator displays the excessive worth of the consultancy, for the reason that buy determine virtually doubles Altim’s revenue in 2024, which amounted to 14.30 million euros in comparison with 12.3 million within the earlier yr, as introduced The Economist. With the incorporation of this technical data, Telefónica seeks to compensate for the issue of accelerating revenue within the residential market, betting on value-added providers that enable its company shoppers to make quicker and extra environment friendly selections in disruptive market environments.
Altim’s present administration workforce, made up of Adriana Sola herself, Alberto Gómez, Paco Sola and Julio Trevejo, will stay on the head of administration after the combination.
The integration of Altim will enable Telefónica to bolster its providing of cloud providers via the RISE with SAP platform, an answer that facilitates the migration of conventional administration programs to environments cloud extra agile and scalable. Thanks to the predictive algorithms and evaluation fashions developed by the consulting agency, the operator will be capable to supply its shoppers superior instruments for the automation of provider invoices and financial management of manufacturing processes, guaranteeing regulatory compliance in important sectors. This technical specialization positions the telecom not solely as a connectivity supplier, however as a technological companion able to managing the deepest information structure of huge companies.
On the opposite hand, this motion is aligned with the brand new strategic plan Transform & Grow of Telefónica for the interval 2026-2030, which prioritizes the seize of operational efficiencies and the profitability of money movement over the amount of particular person customers. By absorbing an already wholesome construction with a strong base in sectors corresponding to monetary providers, insurance coverage and public administration, the multinational accelerates its transformation right into a TechCo (expertise firm). This method seeks to maximise the worth of its B2B subsidiary in Spain, profiting from the consolidation of the European market to place itself because the benchmark in digital options for firms searching for whole digitalization of their operations earlier than the top of the last decade.
The buy represents the primary acquisition in Spain below the presidency of Marc Murtra, putting itself inside an bold worldwide enlargement roadmap. In current months, the Telefónica group has carried out main actions, such because the valuation of two.3 billion euros within the buy of the British fiber operator Netomnia via VMO2, in addition to the merger of its B2B division within the United Kingdom with Daisy Group to create an entity with professional forma revenue of 1,662 million euros.
Likewise, the corporate consolidated its presence in Latin America in July 2025 by buying 100% of FiBrasil for 850 million reais, reaffirming its curiosity in controlling key infrastructures and rising within the enterprise purposes market globally.
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