Var Group buys Andorra's Andornet to expand in digital services

What's the deal? Var GroupDealroom has a profile for this one. Try Dealroom → has acquired 100% of AndornetDealroom has a profile for this one. Try Dealroom →, an Andorran firm specialising in information technology, communications, and digital marketing. The deal value was undisclosed.

What does Andornet do? It offers cybersecurity, cloud and infrastructure, artificial intelligence and data science, digital identity, ERP systems, software development, and technical support.

What's the endgame? The acquisition is a step in Var Group's growth and a move to strengthen its lead in digital and tech services in the Andorran market.

What changes? Combining the two teams expands local execution capacity, letting Var Group handle more complex projects entirely from Andorra, backed by its international network. The deal gives it "a great step forward" in the country, said Gorka Jiménez, Var Group IberiaDealroom has a profile for this one. Try Dealroom → regional director.

By the numbers: Var Group Iberia booked €25 million in revenue across Spain and Andorra in its last fiscal year, up 15% on the prior period. Over the next two years, it expects to top €60 million in revenue and 500 staff on the Iberian Peninsula.

Why now? Var Group tied the acquisition to accelerating demand for outsourced IT infrastructure and managed services across the European economy.

The signal: The deal reflects steady consolidation in European tech services, as providers scale through acquisitions to meet rising outsourcing demand.

Read more: forbes.es

Image credit: Cory M. Grenier