ALLGEIER IT SERVICES
Acquired by
SYNOVA
ALLGEIER IT SERVICES acquired by SYNOVA
Target
ALLGEIER IT SERVICES
Acquirer
SYNOVA
Context
Synova has agreed to acquire Allgeier IT Services GmbH from the listed German technology group Allgeier SE. The transaction is structured as a carve-out, separating the managed services unit from the parent group's software engineering core. Strategically, Synova aims to use AITS as a consolidation platform to buy and build in the highly fragmented German IT services market. The plan includes investing in the company's commercial engine and pursuing add-on acquisitions to expand geographically and technological
ALLGEIER IT SERVICES, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 13.1x average currently observed in the TMT (Tech, Media, Telecom) sector.
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Target
Allgeier IT Services (AITS) is a leading end-to-end IT services provider in Germany. Formerly a division of the listed group Allgeier SE, the company specializes in serving the "Mittelstand" (SMEs) and critical national infrastructure clients. It operates from 10 offices across Germany with over 300 clients. Its service portfolio includes hybrid cloud infrastructure, cybersecurity operations (SOC), data analytics, and AI-driven digital transformation solutions.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with ALLGEIER IT SERVICES
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