(Reuters) – Private equity firm KKR is close to acquiring Frankfurt-listed IT services provider Datagroup, people familiar with the matter told Reuters on Tuesday.
U.S.-based KKR is in advanced discussions to make an offer for Datagroup and an announcement could be made as early as this week, the sources said, requesting anonymity because the matter is confidential.
Bloomberg News which first reported the deal said deliberations are ongoing and the deal could still be delayed or even fall apart.
Datagroup has a market value of about 340.2 million euros ($383.47 million), according to data from LSEG.
KKR declined to comment, while Datagroup did not immediately reply to a Reuters request for comment.
Datagroup has about 3,700 employees at locations across Germany and expects revenue to grow to between 545 million euros and 565 million euros in the current year, the company said in March.
($1 = 0.8872 euros)
(Reporting by Emma-Victoria Farr in Frankfurt and Rajveer Singh Pardesi in Bengaluru; Editing by Shounak Dasgupta)
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