At what enterprise value was IMPLICO acquired in 2025?

You can find the full valuation details of IMPLICO on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of IMPLICO when it was acquired by EGERIA?

The exact EV/EBITDA multiple for IMPLICO is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

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. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of IMPLICO during the acquisition?

IMPLICO's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

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/

← 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 LOGIN in 2024, 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 (14.4x).

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.

-> 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 TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
03/2025	TELENOR SOFTWARE / HAWK INFINITY SOFTWARE	JOTTACLOUD	Norway	Software	Hawk Infinity Software (HIS) has entered into a definitive agreement to sell 100% of Jotta AS to a newly established strategic joint venture (SJV) owned 50/50 by HIS and Telenor. The Transaction involves the combination of Jotta with Telenor Software Lab AS (TSL), the provider of the "Min Sky" cloud service
03/2025	EQT PARTNERS	FORTNOX	SWEDEN	Software	EQT and First Kraft jointly announced a voluntary public tender offer for all outstanding shares in Fortnox at SEK 90 per share, implying a total equity value of approximately SEK 54.9 billion. The offer represents an extremely high valuation in absolute terms, reflecting Fortnox's exceptional combination of sustained revenue growth exceeding 20% per annum, a ~54% EBITDA margin, and its dominant market position in Swedish SME financial software
02/2025	HAWK INFINITY SOFTWARE	SYMPLIFY TECHNOLOGIES	Sweden	Software	Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire 100% of Symplify Technologies AB. The deal structure includes a "contingent consideration" (earn-out) mechanism, where additional payments will be granted if Symplify meets ambitious free cash flow growth targets over the coming years
02/2025	CENTRIC SOFTWARE	CONTENTSERV	GERMANY	Software	Centric Software signed a definitive agreement to acquire 100% of Contentserv for an Enterprise Value of €220 million. This strategic move aims to integrate Contentserv’s AI-driven PXM capabilities into Centric’s existing PLM and retail planning ecosystem
02/2025	HAWK INFINITY SOFTWARE	ROQC DATA MANAGEMENT	Norway	Software	Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire 100% of ROQC Data Management AS. The strategic rationale for the acquisition is to integrate ROQC’s high,margin subsurface data management technology into HIS’s expanding portfolio of industry,specific software
02/2025	HAWK INFINITY SOFTWARE	BAZE TECHNOLOGY	Denmark	Software	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
01/2025	TA ASSOCIATES	NEXUS	GERMANY	Software	TA Associates has successfully completed a voluntary public tender offer to acquire all outstanding shares of Nexus AG. By the expiration of the additional acceptance period in January 2025, TA secured 94
12/2024	HEXAGON	GEOMAGIC SOFTWARE	UNITED STATES	Software	Hexagon has entered into a definitive agreement to acquire the Geomagic software business from 3D Systems. This strategic carve-out allows 3D Systems to refocus on its core additive manufacturing hardware while enabling Hexagon to consolidate its lead in the 3D metrology and inspection market
12/2024	TEAMVIEWER	1E	UNITED KINGDOM	Software	TeamViewer has entered into a definitive agreement with Carlyle Europe Technology Partners to acquire 100% of 1E on a cash-free, debt-free basis. Financed via existing credit lines and new debt instruments, the transaction structures the integration of the London-based digital employee experience platform into the purchasing group's corporate network
12/2024	SEPTEO	YMAG	FRANCE	Software	Owned since 2019 by Initiative & Finance, Ymag (a software publisher specializing in professional training and a leader in the apprenticeship sector) has announced its acquisition by Septeo (a leading software publisher in Europe)

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: 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

Acquirer: egeria