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New Deal


Announced

Completed

GIA Informatik completed the acquisition of Avectris from Axpo, EKZ and AEW for $150m.

Financials

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Transaction Value£111m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA6.93x
Share Price Premium-
One Off Charge-

Tags

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Switzerland

data processing

IT Services: Other

Acquisition

Majority

Private

Domestic

Completed

Friendly

Single Bidder

Synopsis

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GIA Informatik, an IT consulting services provider, completed the acquisition of Avectris, an IT service provider, from energy companies, Axpo, EKZ and AEW, for $150m. "GIA Informatik and our enterprises complement each other perfectly. I am convinced that these two entities being brought together will, thanks to their similar values, open up optimal perspectives for the employees and the customers," Ales Kupsky, Avectris CEO.

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