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New Deal


Announced

Completed

Servinform completed the acquisition of the Spanish unit of Tessi for €17m.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Domestic

it services management

Majority

Spain

Acquisition

Single Bidder

IT Services: Other

Private

Synopsis

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Servinform, which provides technology and outsourcing solutions, completed the acquisition of the Spanish unit of Tessi, an IT service management company, for €17m. These disposals reflect the Tessi Group’s renewed focus on core business in France, Spain, Switzerland and Latin America. Tessi will continue to develop its service and technology offerings through a combination of organic growth and acquisitions.

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