31/07/19

Corporate news

Orange Belgium completes the acquisition of Upsize NV and its subsidiaries BKM NV and CC@PS

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Brussels Orange Belgium announces today that it has completed the acquisition of Upsize NV. On 2 July, the Belgian Competition Authority gave Orange Belgium its unconditional approval for the planned acquisition of Upsize NV. This transaction extends Orange Belgium’s B2B offering to meet B2B customers’ increasing demand for a single connectivity and ICT provider.

On 28 April, Orange Belgium announced an agreement to acquire Upsize NV and its subsidiaries BKM NV and CC@PS for an enterprise value of €52.4m. The transaction was finalized this morning and Upsize NV became a wholly-owned subsidiary.

BKM is a nationwide ICT integrator and a pioneer in cloud UCC solutions. It has a solid track-record in the SME and CMA markets in Belgium. In 2018, the company generated pro-forma revenues of €43m. BKM’s 230 specialists staff work in four areas of expertise: Unified Communications & Collaboration (UCC) solutions; IT & security solutions; Document & Visual solutions; and Connectivity solutions.