(Tiper Stock Exchange) – Unidatatelecommunications, Cloud and IoT services operator listed on Euronext Growth Milan, has signed a binding agreement for the purchase of the entire share capital of the TWT Group, primary player in the field of telecommunications and connection and communication services, with a particular focus on the B2B segment. TWT’s revenues at December 31, 2021 amounted to approximately 58.7 million euros, with net cash of approximately 13.9 million euros. For 2022, revenues are expected to be in line with the previous year and an EBITDA of approximately 6.9 million euros.
The sales contract provides for the purchase of the TWT Group on the basis of a Enterprise Value of 58 million euros. The completion of the acquisition is expected by mid-February 2023. The acquisition will be financed through recourse to the existing liquid assets and through the use of bank loans (Unidata received a highly confident letter from a pool of lending banks).
“The acquisition of the TWT Group will allow for a further acceleration of our growth, thanks to the development of the offer of connectivity services for corporate customers, as well as the diversification and strengthening of our commercial offer – he commented Renato Brunetti, President and CEO – Furthermore, the integration with the TWT Group will allow us to expand our geographical presence and enter new unmanned markets, thus operating not only in Lazio, where we have a leadership position, but also expanding nationally, with a particular focus on Lombardy and In the north of Italy”.
Unidata’s BoD examined i forecast data as at 31 December 2022, which see expected revenues of around 51.8 million euros with significant growth of around 40% compared to 2021 and an expected EBITDA Margin of around 29%. Furthermore, the board approved the revision of the 2022-2024 Business Plan with the extension to 2023-2025.
There industrial strategy envisages: organic growth with development and consolidation of the current positioning in all BUs; growth through M&A and partnerships; reinvestment of most of the profits in the company; great attention to sustainability according to ESG principles.
THE consolidated targets for 2025, which take into account the acquisition of TWT, forecast: total revenues between 128 and 134 million euros; EBITDA between 34 and 36 million euros; EBITDA Margin between 26% and 27%.