Gamma has announced the acquisition of DX Groep BV (Dean One), a leading telecoms group based in the Netherlands and one which it has known for some time. Funded from its existing cash resources, Gamma will pay up to €27.2 million with an initial consideration of €13.2 million and up to €14.0 million payable next year. Total consideration will be based on 7.5x the 2019 EBITDA of the acquired business which compares to Gamma’s historical ratio of over 21x. This attractivel
02 Oct 2018
Acquisition in the Netherlands
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Acquisition in the Netherlands
Gamma Communications PLC (GAMA:LON) | 1,320 0 0.0% | Mkt Cap: 1,283m
- Published:
02 Oct 2018 -
Author:
Gareth Evans -
Pages:
5
Gamma has announced the acquisition of DX Groep BV (Dean One), a leading telecoms group based in the Netherlands and one which it has known for some time. Funded from its existing cash resources, Gamma will pay up to €27.2 million with an initial consideration of €13.2 million and up to €14.0 million payable next year. Total consideration will be based on 7.5x the 2019 EBITDA of the acquired business which compares to Gamma’s historical ratio of over 21x. This attractivel