KKR Nears Acquisition of German IT Firm Datagroup for $508 Million, Valued at €665 Million

KKR, a U.S.-based private equity firm, is nearing the completion of an acquisition deal for the German IT services provider Datagroup. Reports indicate that the all-cash transaction values Datagroup at approximately €450 million, equivalent to $508 million. This acquisition comes amid ongoing global economic challenges, highlighting KKR's continued interest in expanding its portfolio. The deal was confirmed after several sources reported on KKR's negotiations, with the final valuation of Datagroup being cited as €665 million in some reports. The acquisition is expected to bolster KKR's presence in the European IT services market.