IMPLICO has been 100% owned by EGERIA since February 2025.

When was IMPLICO acquired by EGERIA?

IMPLICO was acquired by EGERIA in 2025.

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

The revenue of IMPLICO at the time of the deal is estimated to be in the range of 25M - 50M EUR.

What was the EBITDA of IMPLICO during the acquisition?

IMPLICO's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the IMPLICO 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 IMPLICO 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://egeriagroup.com/news/implico-pursues-new-strategic-direction-together-with-egeria/

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)IMPLICO

02/2025

IMPLICO acquired by EGERIA

GERMANY Software / Industry-Specific Software REV 25M - 50M EUR

Context

Egeria, in partnership with the management team, has successfully finalized the acquisition of Implico’s SAP software business through a strategic carve-out transaction. This move involved the separation of the terminal management division into a standalone entity, OpenTAS GmbH, which remains with the previous shareholders. The strategic rationale for the acquisition centers on positioning the target as a dedicated growth platform for industry-specific SAP software solutions. By focusing exclusively on its role as a SAP Solution Extension (SOLEX) partner, the organization is poised to capitalize on the mandatory global migration to SAP S/4HANA and the discontinuation of legacy ECC support by 2027.

IMPLICO, which reported an EBITDA margin of in 2024, 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 (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Implico is a premier technology organization specializing in the digitalization of complex business processes within the energy and natural resources (ENR) supply chain. The organization’s business model is structured as an Independent Software Vendor (ISV) and a leading SAP Solution Extension (SOLEX) partner. Its value proposition is centered on proprietary automation modules, specifically SAP S/4HANA SDM (Secondary Distribution Management) and RFNO (Retail Fuel Network Operations), which serve as industrial standards for data aggregation and process automation in downstream oil and gas. Strategically, the firm focuses on the "Clean Core" approach, facilitating seamless migrations to S/4HANA for multinational enterprises. By transitioning its deep domain expertise from bulk commodities to broader industrial verticals, the firm ensures technical durability and operational efficiency across global value chains. The organization operates as a critical technical partner within the SAP ecosystem, delivering certified, high-standard software solutions and related advisory services.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Software

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2025	TELENOR SOFTWARE / HAWK INFINITY SOFTWARE	JOTTACLOUD	Norway	Software
03/2025	TXT E-SOLUTIONS	IT VALUES	ITALY	Industry-Specific Software
02/2025	HAWK INFINITY SOFTWARE	SYMPLIFY TECHNOLOGIES	Sweden	CRM & Sales
02/2025	CENTRIC SOFTWARE	CONTENTSERV	GERMANY	MarTech
02/2025	HAWK INFINITY SOFTWARE	ROQC DATA MANAGEMENT	Norway	Industry-Specific Software
02/2025	HAWK INFINITY SOFTWARE	BAZE TECHNOLOGY	Denmark	Travel / Hospitality
01/2025	TA ASSOCIATES	NEXUS	GERMANY	Healthcare
12/2024	SEPTEO	YMAG	FRANCE	Industry-Specific Software
12/2024	TEAMVIEWER	1E	UNITED KINGDOM	Collaboration & Productivity
12/2024	HEXAGON	GEOMAGIC SOFTWARE	UNITED STATES	Engineering & Design Software

REFERENCES

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IMPLICO by EGERIA 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

Acquirer: egeria