Home Business Wiit: with the acquisition “Release 42” strengthens in Germany

Wiit: with the acquisition “Release 42” strengthens in Germany

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Wiit has signed agreements for the purchase of the activities today run by JBM Technology Deutschland with the commercial brand known as “Release 42”. The note explains that the group has a strong specialization on e-commerce platforms, mission critical applications that require high resilience, guaranteed through the two proprietary datacenters and provides private and Hybrid cloud services to the main e-commerce companies. with which it has had strategic relations for over 15 years.

The provisional overall price, to be adjusted on the basis of the net financial position and net working capital, for the two acquisitions was set at approximately € 77.7 million, determined on the basis of an overall enterprise value of approximately € 70.8 million. and an implicit multiple of approximately 7.9 times the aggregate Ebitda, before synergies.

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