IT Values acquired by TXT E-Solutions
Context
TXT e-solutions entered into a binding agreement to acquire 100% of IT Values S.r.l. to bolster its specialized "Smart Solutions" portfolio for the public sector. The transaction was structured with an 80% cash payment and a 20% stock payment in TXT shares to ensure the long-term alignment of the target’s leadership. This acquisition builds on existing commercial partnerships between IT Values and TXT's subsidiaries, WebGenesys and HSPI. Beyond the initial price, the deal includes a performance-based earn-out of up to €2.5 million linked to growth targets through 2028, reflecting a strategy aimed at capturing a significant share of the Italian public administration's digital transformation budget.
IT Values, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average observed in the TMT (Tech, Media, Telecom) sector (14.8x in 2025).
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Target
IT Values is a specialized Italian software company focused on the digital transformation of administrative processes for both modern enterprises and public administrations. Founded in 2022, the firm develops innovative software solutions that emphasize systems integration and cybersecurity to address the complex evolving needs of the "GovTech" market. Its technical expertise enables public sector entities to transition toward digital workflows, supported by a highly specialized team of 20 professionals. The organization maintains a robust "Smart Solutions" suite that facilitates secure, high-speed digitalization, allowing it to achieve significant operational margins and a rapidly growing backlog of industrial orders.
Ent. Value
€10–30M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
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REFERENCES
Valuation range: EV €10–30M
EBITDA range: €0–5M
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IT Values by TXT E-Solutions 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.
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