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10/2025

ALLGEIER IT SERVICES acquired by SYNOVA

GERMANY IT Services EV 50M - 150M EUR

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 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.

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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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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2025
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2024
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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ALLGEIER IT SERVICES by SYNOVA 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: synova