NOS Acquires Claranet Portugal in €152M Deal with Morais Leitão's Guidance

Deal News | Jan 27, 2025 | Iberian Lawyer

Morais Leitão has played a pivotal role in advising NOS, a prominent telecommunications provider, on acquiring the entire stake in Claranet Portugal for €152 million. This transaction aims to enhance NOS's capabilities in technology infrastructure and critical application management. Claranet Portugal is recognized for its expertise in modernizing and managing critical applications and infrastructure, making it a valuable addition to NOS's portfolio. Leading this advisory assignment were partners Jorge Simes Cortez and Gonçalo Fleming along with a team of specialists from various disciplines within the firm. However, the deal awaits approval from the Competition Authority before it reaches fruition.

Sectors

Technology
Telecommunications
Legal Services

Geography

Portugal – The acquisition involves NOS and Claranet Portugal, both operating within Portugal. The legal advisory was also carried out by the Portuguese law firm Morais Leitão.

Industry

Technology – The acquisition involves Claranet Portugal, a company focused on modernizing and managing critical applications and technological infrastructure.
Telecommunications – NOS is a major player in the telecommunications sector, expanding its capabilities through this acquisition.
Legal Services – Morais Leitão, a law firm, provided legal advisory services for the acquisition deal.

Financials

€152 million – The purchase price for acquiring 100% of Claranet Portugal's share capital by NOS.

Participants

Name	Role	Type	Description
NOS	Buyer	Company	NOS is a telecommunications company expanding its technological capabilities through strategic acquisitions.
Claranet Portugal	Target	Company	Claranet Portugal specializes in modernizing and managing critical applications and infrastructure.
Morais Leitão	Legal Advisor	Company	A prominent Portuguese law firm advising NOS in the acquisition of Claranet Portugal.