TXT e-solutions has expanded its Italian IT services business with the acquisition of HSPI for €11.6m in cash and equity. The deal adds public sector, energy and utilities to TXT’s existing fintech and industrial verticals and broadens the services offered to management consulting. On a pro forma basis, we estimate the deal adds c 18% to FY20 revenue and c 22% to FY20 EBITDA.
22 Oct 2020
TXT e-solutions - Expanding the service offering
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TXT e-solutions - Expanding the service offering
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
22 Oct 2020 -
Author:
Katherine Thompson -
Pages:
2
TXT e-solutions has expanded its Italian IT services business with the acquisition of HSPI for €11.6m in cash and equity. The deal adds public sector, energy and utilities to TXT’s existing fintech and industrial verticals and broadens the services offered to management consulting. On a pro forma basis, we estimate the deal adds c 18% to FY20 revenue and c 22% to FY20 EBITDA.