Going abroad! First acquisition outside of Italy - Germany is a big market, 4x Italy
WIIT acquired myLoc, part of ProSiebenSat group, a German provider of cloud, colocation services and managed hosting for enterprises and individuals with 2019 sales of EUR16.2m, EBITDA of EUR7.4 (46% margin) and EBIT of EUR4.2m (26%). WIIT paid EUR50m EV (6.8x EV/EBITDA, 11.9x EV/EBIT) which suggests c. 6% ROCE on 2019 numbers (of course WIIT paid for strong growth expected and synergy potential). myLoc targets ....
22 Sep 2020
Cumulatively nimble - welcome to Germany WIIT
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Cumulatively nimble - welcome to Germany WIIT
Going abroad! First acquisition outside of Italy - Germany is a big market, 4x Italy
WIIT acquired myLoc, part of ProSiebenSat group, a German provider of cloud, colocation services and managed hosting for enterprises and individuals with 2019 sales of EUR16.2m, EBITDA of EUR7.4 (46% margin) and EBIT of EUR4.2m (26%). WIIT paid EUR50m EV (6.8x EV/EBITDA, 11.9x EV/EBIT) which suggests c. 6% ROCE on 2019 numbers (of course WIIT paid for strong growth expected and synergy potential). myLoc targets ....