India, Oct. 31 -- Vodafone Group Plc (Vodafone) has entered into a binding agreement to acquire one hundred per cent of Skaylink GmbH (Skaylink) for a total consideration of 175 million euros. The acquisition will be made primarily from funds managed by Waterland Private Equity.

Skaylink is a European provider of cloud, digital transformation, and cybersecurity services, with offices in Germany and across several other European countries. The company employs more than 500 people and works across Microsoft Azure and Amazon Web Services environments, supporting clients with cloud migration, management, and artificial intelligence solutions.

Vodafone said the acquisition will add to its capabilities in providing managed and digital service...