At what enterprise value was BAZE TECHNOLOGY acquired in 2025?

During the acquisition of BAZE TECHNOLOGY by HAWK INFINITY SOFTWARE in 2025, 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 300M - 700M NOK. 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 BAZE TECHNOLOGY when it was acquired by HAWK INFINITY SOFTWARE?

The estimated EV/EBITDA multiple for BAZE TECHNOLOGY is in the range of 5x - 12x. 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 BAZE TECHNOLOGY acquired by HAWK INFINITY SOFTWARE?

BAZE TECHNOLOGY was acquired by HAWK INFINITY SOFTWARE in 2025.

What was the revenue of BAZE TECHNOLOGY at the time of the deal?

The revenue of BAZE TECHNOLOGY at the time of the deal is estimated to be in the range of 100M - 200M NOK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BAZE TECHNOLOGY during the acquisition?

BAZE TECHNOLOGY's EBITDA is estimated to be in the range of 25M - 50M NOK. 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 BAZE TECHNOLOGY 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 BAZE TECHNOLOGY 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://hawkinfinity.com/portfolio

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Home Database TMT (Tech, Media, Telecom)BAZE TECHNOLOGY

02/2025

BAZE TECHNOLOGY acquired by HAWK INFINITY SOFTWARE

DENMARK Software / Industry-Specific Software / Travel / Hospitality EV 300M - 700M NOK

Context

Hawk Infinity Software (HIS) has successfully completed the acquisition of 100% of Baze Technology. The strategic rationale for the acquisition is to integrate a high,performing, specialized IPTV and infotainment platform into HIS's vertical software portfolio. Baze Technology brings a strong financial profile, with LTM revenues of NOK 153.4 million and an LTM EBITDA of NOK 42.6 million. This move allows HIS to penetrate the maritime and hospitality software sectors while benefiting from Baze's established global customer base and technical leadership. The sale process, which was initiated in early 2024, was managed by Deloitte Corporate Finance, acting as the exclusive financial advisor to the sellers. This acquisition strengthens HIS's position as a leading consolidator of mission,critical B2B software in the Northern European market.

BAZE TECHNOLOGY, which reported an EBITDA margin of LOGIN in 2024, 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

Baze Technology is a premier Norwegian software provider specializing in advanced infotainment and IPTV solutions tailored for the maritime, offshore, and hospitality industries. The organization's core product, BazePort, is a market leading platform that delivers content, information, and entertainment services to crews and guests in demanding environments. Its business model focuses on high reliability and mission,critical software deployments, serving a global client base that includes shipping companies, offshore rigs, and luxury hotels. The entity has established a significant competitive moat through its deep domain expertise and a robust technology stack that operates seamlessly across both satellite and terrestrial networks. With a strong financial track record and consistent growth in recurring revenues, the group is recognized for its ability to enhance the onboard and in,room experience through innovative digital communication tools and specialized media distribution systems.

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2023

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REFERENCES

Valuation range: EV 300M - 700M NOK

Revenue range: 100M - 200M NOK

EBITDA range: 25M - 50M NOK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BAZE TECHNOLOGY by HAWK INFINITY SOFTWARE 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

Target: baze technology

Acquirer: hawk infinity software