KKR reportedly near acquisition of IT firm Datagroup

Investing.com -- Private equity firm KKR is nearing the acquisition of Frankfurt-listed IT services provider Datagroup, according to reports from Bloomberg and Reuters, citing individuals close to the matter. The U.S.-based firm is in advanced talks about making an offer for Datagroup, with an announcement potentially coming as early as this week. These sources have requested anonymity due to the confidential nature of the discussions.

The acquisition discussions were initially reported by Bloomberg News, which noted that the deal is still under deliberation and could be delayed or fall through. Datagroup has a market value of approximately 340.2 million euros ($383.47 million).

Datagroup, which employs about 3,700 people at various locations throughout Germany, projected in March that its revenue would grow to between 545 million euros and 565 million euros in the current year.

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