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 LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as low as the average currently observed in the TMT (Tech, Media, Telecom) sector (13.8x).

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