Telefónica Spain has announced the purchase of 100% of Altim Information Technologies, a Spanish consulting firm specializing in digital transformation with SAP-based solutions. The deal strengthens the telecom company’s focus on the B2B segment, where IT revenues are now considered one of its main growth drivers. Telefónica has not disclosed the purchase price in its official statement.
The acquired company brings a history of 25 years, a team of 125 employees, and a client base of over 160 customers, according to information provided by Telefónica. Additionally, Altim will continue operating independently after the acquisition—an important detail that suggests a more complementary integration approach rather than a short-term brand consolidation.
This move aligns with a clear trend in the Spanish market: major operators have been seeking to increase their presence in value-added services for businesses beyond connectivity. In this case, Telefónica is bolstering a very specific area—enterprise applications and SAP consulting—a particularly sensitive field involving ERP projects, cloud migrations, process automation, and data governance.
A strategic acquisition to grow in applications and business transformation
Telefónica explains that the acquisition responds to three main reasons: the growth of the market for technology-driven process optimization, Altim’s fit within its strategy to expand in the applications business, and the alignment between both companies on professionalism, long-term client relationships, and innovation. Therefore, this deal is framed more as an industrial decision rather than just a tactical purchase.
Altim comes to Telefónica with a recognized position within the SAP ecosystem in Spain. The consulting firm is a Gold Partner of SAP, specializing in deployment, support, S/4HANA migrations, public cloud, cybersecurity, and data governance. In a time when many companies are modernizing their ERP systems and migrating from legacy environments, this expertise holds clear strategic value.
SAP remains a central reference in this market. According to its corporate information, SAP claims to have over 230 million cloud users and more than 100 solutions covering enterprise functions such as finance, sales, procurement, HR, and operations. This underscores why Telefónica’s goal is not just acquiring a consultancy, but gaining a foothold in one of the most critical layers of enterprise software.
What Altim brings to Telefónica Spain
According to the official statement, Altim has experienced significant revenue growth in recent years, posting over 20% increase in fiscal year 2025 compared to the previous year. Telefónica also highlights that the consultancy received the SAP Spain PKOM 2026 award for “Largest Sales Volume” in the Partner Led Territory segment, along with recognition for excellence in demand generation within the corporate segment.
Beyond these figures, what matters most is the type of work Altim performs. The firm specializes in tailoring SAP best practices to specific sectors through highly specialized teams and proprietary intellectual property, including accelerators and custom developments aimed at reducing friction during implementations. This profile positions it closer to a vertical, specialized consultancy rather than a generalist integrator.
On its website, Altim describes itself as a firm that has been supporting companies in transformation and digitalization processes for over 20 years, focusing on operational efficiency and more agile decision-making. This aligns well with Telefónica’s strategic view: adding targeted, marketable capabilities in a space where clients demand not just infrastructure but also modernization projects and business software solutions.
A step further in Telefónica’s shift toward higher-value services
This acquisition also reveals how Telefónica Spain is evolving. The company has long been committed to strengthening its presence in the corporate market with broader offerings that combine connectivity, cloud, cybersecurity, applications, and managed services into a more comprehensive portfolio. Buying Altim fits perfectly into this approach: it does not replace traditional business but complements it with a value-added layer focused on transformation projects.
Moreover, Altim’s specialization in S/4HANA, public cloud, and data governance makes it especially valuable at a time when many organizations are accelerating ERP revisions, adopting cloud models, and integrating processes in real-time. Telefónica is not just acquiring a client portfolio and team; it’s gaining positioning in a technological conversation that will remain a priority for many Spanish companies in the coming years.
For now, the telecom has not disclosed rebranding plans, deep operational integrations, or financial details of the transaction. However, the strategic message is clear: Telefónica aims to bolster its high-level IT consulting capabilities for enterprises, with SAP being one of the key areas targeted. In a market where ERP is regaining prominence amid cloud, automation, and real-time data pressures, acquiring Altim appears less as an exception and more as a logical move.
Frequently Asked Questions
Which company did Telefónica Spain acquire?
Telefónica Spain purchased 100% of Altim Information Technologies, a Spanish consultancy specializing in digital transformation with SAP-based solutions.
How many employees and clients does Altim have?
According to Telefónica, Altim has 125 employees and more than 160 clients.
Will Altim continue operating independently?
Yes. Telefónica has stated that Altim will continue functioning independently after the acquisition.
What is Altim’s area of specialization within the SAP ecosystem?
Altim is a Gold Partner of SAP in Spain, focusing on areas such as S/4HANA migrations, public cloud, cybersecurity, and data governance.