Checkit has acquired its sole US distributor, Tutela Monitoring Systems for $0.6m (net of cash acquired) equivalent to just ~3x EBITDA. Based in Florida, the company currently resells CKT‘s wireless temperature monitoring systems to a small sub-sector of the US Healthcare market. This acquisition therefore provides CKT with an efficient entry point into the US - a new and large market. At this early stage, we see the opportunities as two-fold: grow the TAM by targeting more Healthcare organisati ....
04 Feb 2021
Efficient US expansionary acquisition
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Efficient US expansionary acquisition
Checkit plc (CKT:LON) | 22.0 0 0.0% | Mkt Cap: 23.8m
- Published:
04 Feb 2021 -
Author:
Caspar Erskine | Harold Evans | Kevin Ashton -
Pages:
3
Checkit has acquired its sole US distributor, Tutela Monitoring Systems for $0.6m (net of cash acquired) equivalent to just ~3x EBITDA. Based in Florida, the company currently resells CKT‘s wireless temperature monitoring systems to a small sub-sector of the US Healthcare market. This acquisition therefore provides CKT with an efficient entry point into the US - a new and large market. At this early stage, we see the opportunities as two-fold: grow the TAM by targeting more Healthcare organisati ....