At what enterprise value was ACANDO acquired in 2019?

During the acquisition of ACANDO by CGI in 2019, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b SEK. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ACANDO when it was acquired by CGI?

The estimated EV/EBITDA multiple for ACANDO is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was ACANDO acquired by CGI?

ACANDO was acquired by CGI in 2019.

What was the revenue of ACANDO at the time of the deal?

The revenue of ACANDO at the time of the deal is estimated to be in the range of 1b - 3b SEK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ACANDO during the acquisition?

ACANDO's EBITDA is estimated to be in the range of 250M - 500M SEK. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ACANDO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ACANDO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cgi.com/fr/2019-04-16-CGI-conclut-lacquisition-dAcando-un-leader-europeen-des-services-numeriques

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Home Database TMT (Tech, Media, Telecom)ACANDO

04/2019

ACANDO acquired by CGI

SWEDEN IT Services / Consulting & Integration EV 3b - 100b SEK

Context

CGI has successfully completed the acquisition of Acando AB, a leading Northern European consultancy specializing in management and digital services. This strategic transaction significantly expands the organization's technical capacity and operational density in key European markets, particularly within Sweden, Norway, and Germany. The rationale for the move centers on the integration of specialized strategic consulting and system integration capabilities, which complement the group’s existing portfolio of end-to-end digital transformation solutions. By incorporating a highly skilled workforce across metropolitan hubs like Stockholm and Hamburg, the organization reinforces its expertise in mission-critical industries such as manufacturing and retail. The partnership is designed to leverage a strong cultural compatibility and a shared focus on customer satisfaction to drive regional growth and capture additional market share in the European IT services landscape. This integration allows the group to offer enhanced innovation-led services while maintaining its localized delivery model. The acquisition marks a significant step in the group’s expansion strategy, positioning it as a dominant player in the Northern European technical services market.

ACANDO, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Acando is a prominent European provider of digital and management consulting services, specializing in IT management, system integration, and customer-centric innovation. The organization’s business model centers on delivering high-level strategic advisory combined with technical execution to facilitate digital transformation for its clients. Its value proposition is built on solving complex industrial and governmental challenges through a multidisciplinary approach that blends business insight with technological excellence. Strategically, the entity focuses on key vertical markets such as manufacturing, retail, and public services, maintaining a strong regional presence in Northern Europe and Germany. By fostering relationships based on trust and specialized expertise, the firm assists organizations in navigating the complexities of the digital economy. The organization prioritizes innovation and excellence, positioning itself as a strategic partner for large-scale enterprise modernization.

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REFERENCES

Valuation range: EV 3b - 100b SEK

Revenue range: 1b - 3b SEK

EBITDA range: 250M - 500M SEK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ACANDO by CGI are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: cgi