Who owns BAZE TECHNOLOGY?

BAZE TECHNOLOGY has been 100% owned by HAWK INFINITY SOFTWARE since February 2025.

At what enterprise value was BAZE TECHNOLOGY acquired in 2025?

During the acquisition of BAZE TECHNOLOGY by HAWK INFINITY SOFTWARE in 2025, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M NOK.

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.

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.

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.

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

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 15.1x.

← DATABASE

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 in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> 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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (NOK)

Year

Rev

EBITDA

EBIT

2024

2023

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12/2024	HEXAGON	GEOMAGIC SOFTWARE	UNITED STATES	Engineering & Design Software
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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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: baze technology

Acquirer: hawk infinity software