mynth
03/2026

CYBERJET acquired by TOTAL SPECIFIC SOLUTIONS (TSS)

FRANCE Software / Industry-Specific Software / Defense & Aerospace REV 1m EUR - 100m EUR

Context

Total Specific Solutions (TSS) has successfully completed the acquisition of Cyberjet, a French software provider specializing in Air Transport Information Systems. Following the completion of the transaction, Cyberjet will continue to operate autonomously as an independent business unit within Groupe TSS, marking the division's 21st specialized software company in the French-speaking region. This platform investment represents a significant strategic milestone for the acquirer, enabling its initial entry into the highly specialized aviation software vertical in France. The transaction aligns perfectly with the acquirer's established mandate of targeting mature, niche-dominant software providers with deep vertical knowledge and exceptional client retention profiles. By integrating this asset, TSS not only establishes a foundational foothold in the aeronautical industry but also unlocks potential synergies and best-practice sharing with B. Rekencentra, a Belgian aviation software entity previously acquired by the group in 2024. For the target, integrating a perpetual software consolidator provides a robust, institutional foundation to accelerate business growth, leverage extensive operational playbooks, and ensure long-term stability for its multi-generational client base, while preserving the legacy built by its founding team.

CYBERJET, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

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

Founded in 1992 and headquartered in Le Teich, France, Cyberjet is a specialized provider of mission-critical software solutions designed specifically for the air transport industry. The company develops comprehensive information systems that manage core airline operations, crew scheduling, training programs, and critical communications. Its proprietary technological ecosystem includes flagship applications such as Skyops, the Skycrew solution, and various Jedsched modules, which seamlessly facilitate the daily operations of airlines, pilots, and ground personnel. As a highly entrenched specialist in the aviation software vertical, Cyberjet has built a resilient market position over more than three decades, trusted by over 70 global operators and aeronautical manufacturers. Its distinctive value proposition is rooted in deep, sector-specific domain expertise and the indispensable nature of its operational tools, generating exceptional client stickiness with an average customer retention rate exceeding a decade. From a strategic standpoint, the company operates a robust economic model characteristic of premium vertical market software (VMS) providers. This high-retention, specialized profile makes the business a highly attractive platform within the broader software consolidation landscape, demonstrating strong defensive characteristics, high barriers to entry, and excellent long-term cash flow visibility. By providing the foundational infrastructure for a highly regulated industry, Cyberjet consistently maintains its status as a trusted, enduring technological partner.

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Historical Financials (EUR)

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2026
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REFERENCES

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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: cyberjet

Acquirer: total specific solutions (tss)