CRAYON has been 100% owned by SOFTWAREONE since July 2025.

At what enterprise value was CRAYON acquired in 2025?

During the acquisition of CRAYON by SOFTWAREONE in 2025, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of CRAYON when it was acquired by SOFTWAREONE?

The estimated EV/EBITDA multiple for CRAYON is in the range of 10x - 18x.

When was CRAYON acquired by SOFTWAREONE?

CRAYON was acquired by SOFTWAREONE in 2025.

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

The revenue of CRAYON at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of CRAYON during the acquisition?

CRAYON's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the CRAYON 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 CRAYON 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.crayon.com/fr/ressources/news2/softwareone-completes-crayon-transaction/

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.

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Home Database TMT (Tech, Media, Telecom)CRAYON

07/2025

CRAYON acquired by SOFTWAREONE

NORWAY IT Services / Consulting & Integration EV 1b - 4b EUR

Context

SoftwareOne has successfully completed a recommended voluntary public tender offer to acquire 100% of the issued and outstanding shares of Crayon, marking a transformative merger between two of the world’s leading providers of software and cloud solutions. This strategic transaction creates a global heavyweight with operations in over 70 countries, combining the target’s deep expertise in IT optimization with the acquirer’s extensive global distribution network. The strategic rationale for the move centers on achieving a dominant market position in the hyperscaler ecosystem, particularly in reinforcing the partnership with Microsoft to deliver industrialized cloud and AI services at scale.

CRAYON, 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

Crayon is a specialized technology services organization focused on the optimization and innovation of corporate IT landscapes. The entity’s business model is built on an advisory-led framework, providing multinational enterprises with strategic guidance on software acquisition, cloud cost management, and high-level digital transformation. Its value proposition is centered on maximizing return on investment for complex cloud and data environments through proprietary software asset management methodologies and AI-enabled analytics. Strategically, the firm prioritizes long-term partnerships with global hyperscalers to deliver scalable infrastructure solutions across diverse industrial sectors. By maintaining a highly skilled workforce dedicated to technical proficiency and cost transparency, the firm facilitates the transition toward automated and secure digital ecosystems. The organization operates as a critical technical partner for organizations seeking to navigate the structural complexities of modern software licensing and cloud governance.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

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05/2025	SESA GROUP	DELTA TECNOLOGÍAS DE INFORMACIÓN	SPAIN	Cybersecurity Services
05/2025	AZULIS CAPITAL	ACENSI	FRANCE	Consulting & Integration
04/2025	PERCEVA	ADVENTIEL	FRANCE	Custom Dev
04/2025	MOMENTUM	SECHER SECURITY	DENMARK	Cybersecurity Services

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.