TXT has announced an agreement to acquire an Italian financing software company for an enterprise value of €7.6m. This marks the first acquisition since TXT Retail was sold and diversifies the offering for the banking and finance business, adding software to what is predominantly a services offering. We estimate the deal should be earnings accretive (+11% FY18e EPS, +23% FY19e) and will revise our estimates on completion.
26 Jun 2018
TXT e-solutions - Diversifying the banking and finance business
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TXT e-solutions - Diversifying the banking and finance business
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
26 Jun 2018 -
Author:
Katherine Thompson -
Pages:
3
TXT has announced an agreement to acquire an Italian financing software company for an enterprise value of €7.6m. This marks the first acquisition since TXT Retail was sold and diversifies the offering for the banking and finance business, adding software to what is predominantly a services offering. We estimate the deal should be earnings accretive (+11% FY18e EPS, +23% FY19e) and will revise our estimates on completion.