Having worked extensively with OVH and Scaleway, I find it to be a far cry from what American hyperscalers offers. The cloud offering is just too thin and brittle as of now, though I think they will eventually get there because of the CLOUD Act which in the long term might prove to be a gigantic own-goal on the part of the US.
Though Germany has a lot of light and heavyweights as well, SAP, SUSE, NextCloud, Hetzner, etc.