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New Deal


Announced

ELCA Group-backed Sumex to acquire a controlling stake in Secon.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

data processing

Switzerland

Acquisition

Majority

Data Centers and Hosting

Domestic

Pending

Private

Synopsis

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ELCA Group-backed Sumex, an engineering, development and business solutions provider, agreed to acquire a controlling stake in Secon, a process and data specialist for core insurance business. Financial terms were not disclosed. "The two companies complement each other perfectly and the combination of the two solutions opens up new strategic opportunities." Felix Musterle, Sumex General Manager.

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