WIIT acquires LANSOL Datacenter | Finance.it

WIIT merger by incorporation of subsidiaries Adelante Matika Etaeria

(Finance) – myLoc managed IT AG, a German subsidiary of WIIT, has subscribed a binding agreement for the purchase of 100% of the share capital of LANSOL Datacenter GmbH.

The provisional total pricesubject to adjustment on the basis of the net financial position and net working capital as of August 31, 2022, was set at approximately Euro 18.1 million, determined on the basis of an overall enterprise value of approximately Euro 18 million and a multiple implicit equal to approximately 9 times the aggregate EBITDA, before synergies, with aggregate revenues expected for 2022 equal to approximately 6.6 million euros and an aggregate EBITDA equal to approximately 2 million euros with a margin of 30% on turnover,

(Photo: Bethany Drouin)

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