(Finance) – SYS-DAT Groupa company listed on Euronext STAR Milan that offers innovative IT services and solutions for the main market sectors, has acquired 100% of the share capital of Matrix Solutiona company specializing in business process management services.
Matrix Solution, based in Milan, was founded in 2001 and offers document archiving services and workflow processes, optical reading and business continuity. The company in 2023 generated revenues total of approximately 1.2 million euros, with a marginality (EBITDA Margin) of approximately 25% and a Net Financial Position (cash positive) at 30 June 2024 of approximately 0.4 million euros.
“Matrix Solution, with advanced document archiving and workflow management solutions, enhances our offering by enriching the value we provide to our customers – he commented Matteo Neuroni, CEO by SYS-DAT – We are very satisfied with the entry of Roberto Fumagalli and his team into our Group; they share our vision and I am sure they will contribute to the evolution of our project.”
This is the third acquisition after the IPO in July 2024. The company was acquired at one valorisation in line with the multiples of previous acquisitions, of approximately 5 times EBITDA.