IT services provider is to buy rival bankrupt firm 2e2 for €24 million, the deal will see Logicalis acquire the European operations of 2e2 in Spain, Ireland, the Netherlands and the Channel Islands, but excluding UK operations.

The acquisition is designed to boost the expansion of Logicalis within Europe with an eye to overseas opportunities by gaining contacts in new foreign markets.

The acquisition will see Logicalis add over 480 employees to its operations and an additional £100 million from new revenues.

O2 has also moved to aquire assets from the bankrupted company as it is separated and sold, with 2e2’s joint IT services venture O2 Unify being bought up by the telecommunication giant.

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