EVERIS GROUP acquired by NTT DATA CORPORATION
Context
The acquisition of Everis Group by NTT DATA CORPORATION is a strategic move to expand NTT DATA's global presence and enhance its IT services capabilities. The deal is part of NTT DATA's Medium-Term Management Plan, which aims to establish the company as one of the top 5 IT services firms globally. Through the acquisition, NTT DATA will gain access to Everis Group's large-scale and stable customer base, advanced consulting capabilities, and top-class personnel with expertise in system integration and outsourcing services. The acquisition will also enable NTT DATA to acquire Everis Group's business platforms in Spain and Latin America, and provide comprehensive IT services to its customers in these countries. Furthermore, NTT DATA will utilize Everis Group's near-shore and off-shore High Performance Centers to improve price competitiveness and quality of its services. The deal is expected to strengthen NTT DATA's ability to provide customers with global support, and enhance its position as a leading IT services company worldwide. The acquisition will also enable Everis Group to collaborate with NTT DATA GROUP's global operations and wide range of services, providing enhanced value to its customers as a global business partner. The deal is a significant step forward for NTT DATA's global expansion strategy, and is expected to have a positive impact on the company's growth and profitability.
EVERIS GROUP, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
Everis Group is a leading IT services company based in Spain, providing a wide range of services including consulting, system integration, and outsourcing to clients across various industries such as banking, insurance, telecommunications, government, and manufacturing. The company has a strong presence in Spain and six Latin American countries, with a large-scale and stable customer base. Everis Group has also established six near-shore and off-shore High Performance Centers in Spain and South America, which have received CMMI Level 5 certification, enabling the company to provide high-quality, low-cost services. With a team of top-class personnel with expertise in system integration and outsourcing services, Everis Group is well-positioned to provide comprehensive IT services to its customers. The company's business platforms in Spain and Latin America are designed to provide customers with a range of services, from consulting to outsourcing, and its collaboration with other companies enables it to provide enhanced value to its customers as a global business partner.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Similar deals in IT Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2016 | EQUISTONE / GEI | ADISTA | FRANCE | MSP (Managed Services) |
| 06/2016 | RANDSTAD | AUSY | FRANCE | Consulting & Integration |
| 07/2015 | THE CARLYLE GROUP | EVERNEX | FRANCE | MSP (Managed Services) |
| 05/2015 | COBEPA | EXCLUSIVE NETWORKS GROUP | FRANCE | IT Distribution & Channel |
| 02/2015 | ALTRAN TECHNOLOGIES | NSPYRE | NETHERLANDS | Custom Dev |
| 08/2014 | GEMALTO | SAFENET | UNITED STATES | Cybersecurity Services |
| 05/2014 | GFI INFORMATIQUE | AIRIAL | FRANCE | Custom Dev |
| 07/2013 | EURAZEO | EVERNEX | FRANCE | MSP (Managed Services) |
| 01/2011 | ATRIA CAPITAL PARTENAIRES | EVERNEX | FRANCE | MSP (Managed Services) |
| 05/2010 | APAX PARTNERS | TIVIT | BRAZIL | MSP (Managed Services) |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 450M - 900M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EVERIS GROUP by NTT DATA CORPORATION 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.
Acquirer: ntt data corporation