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New Deal


Announced

Circet to acquire CEIT.

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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Pending

Majority

telecommunications services

Single Bidder

Private

Acquisition

Cross Border

Italy

Telecommunications Services: Other

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Synopsis

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Circet, a provider of repair and maintenance services of telecommunication infrastructures, agreed to acquire CEIT, an operator of networks and systems development and construction agency. Financial terms were not disclosed. “After several years of continued growth in the Italian market under Igefi’s ownership, this is a great milestone for CEIT and its employees to join Circet. In particular in the current phase of the Italian market where customers are requiring more and more investments and network deployment capabilities. Our entities will combine forces to keep providing high quality services to our clients, and write together a new chapter of CEIT’s history," Fabrizio Perletta, CEIT CEO.

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