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New Deal


Announced

AdEPT Technology Group to acquire Datrix for up to £16m.

Financials

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Transaction Value£16m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales1.5x
EV/EBITDA14.55x
Share Price Premium-
One Off Charge-

Tags

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Software

cloud-based networking

Single Bidder

Domestic

Majority

United Kingdom

Pending

Acquisition

Private

Friendly

Synopsis

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AdEPT Technology Group, an independent provider of managed services for IT, connectivity, unified communications solutions, agreed to acquire Datrix, a supplier of advanced cloud-based networking, communications, and cyber security solutions, for up to £16m. "We are delighted to become part of the AdEPT Technology Group. From the outset, it was clear that the solution set we take to market is complementary to AdEPT's, and that the combination of AdEPT and Datrix expertise will bring benefits to both parties, and crucially to our customers. Our joint presence in the NHS will undoubtedly create new opportunities and being part of a larger group will help us capitalise on the growing and substantial market for advanced cloud-centric networks and cyber security," Mark Thomas, Datrix Managing Director.

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