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New Deal


Announced

Completed

Logimatic completed the merger with Picca Automation.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Merger

Private

Acquisition

Friendly

Domestic

Single Bidder

Denmark

automation solutions

Software

software company

Majority

Synopsis

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Logimatic, a Danish engineering and software company, completed the merger with Picca Automation, a provider of industrial automation services. Financial terms were not disclosed. "At Logimatic, we look forward to becoming part of the automation group and not least to the close relationship with Picca, which means that we now offer a wider range of skills. The partnership in the group is created on a common set of values ​​with a focus on innovation, proximity and customer satisfaction as the highest priority. Our development strategy ensures the market's most talented skills in one group. The merger is the right place to further develop the systems and products Logimatic has installed at our customers. We are also creating a larger service team with better local support across the country," Troels Severinsen, Logimatic CEO.

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