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Announced

Completed

SeSa-backed Var Group completed the acquisition of Cimtec.

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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Acquisition

Friendly

Germany

Digital Services

Majority

Private

Cross Border

Single Bidder

digital engineering

Completed

Synopsis

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SeSa-backed Var Group, a European platform of software solutions and digital engineering services, completed the acquisition of Cimtec, a provider of diagnostic analysis of air pollution control equipment. Financial terms were not disclosed. "We strengthen our presence alongside the European manufacturing districts, supporting the digital transformation of engineering intensive manufacturing companies. Two years after the acquisition of PBU- Cad Systeme, we are expanding the customer set of our digital engineering platform for manufacturing companies on the European market, starting to cover the French market" Francesca Moriani, Var Group CEO.

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