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Announced

Completed

Elevion completed the acquisition of Hermos.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

Friendly

Acquisition

Germany

IT Services: Other

Single Bidder

it services

Private

Synopsis

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Elevion, a full-service electrical and building technology provider, completed the acquisition of Hermos, which provides IT services. Financial terms were not disclosed. "HERMOS fits very well into the Elevion Group not only because of their technical competencies and their performance, but above all due to the active medium-sized entrepreneurship and the family-owned corporate culture. Our two Entrepreneurial families have known each other for over ten years. During this time we kept exchanging visions and thinking about the future together," Lars Eberlein, Elevion Managing Director.

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