NETHOUSE has been 100% owned by NORDLO since April 2026.

At what enterprise value was NETHOUSE acquired in 2026?

During the acquisition of NETHOUSE by NORDLO in 2026, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M SEK.

What was the EV/EBITDA of NETHOUSE when it was acquired by NORDLO?

The estimated EV/EBITDA multiple for NETHOUSE is in the range of 5x - 12x.

When was NETHOUSE acquired by NORDLO?

NETHOUSE was acquired by NORDLO in 2026.

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

The revenue of NETHOUSE at the time of the deal is estimated to be in the range of 250M - 500M SEK.

What was the EBITDA of NETHOUSE during the acquisition?

NETHOUSE's EBITDA is estimated to be in the range of 25M - 50M SEK.

How is the data for the NETHOUSE 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 NETHOUSE 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://www.marketscreener.com/news/combinedx-divests-nethouse-for-an-enterprise-value-of-sek-345-million-ce7e51dfda81f32c

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)NETHOUSE

04/2026

NETHOUSE acquired by NORDLO

SWEDEN IT Services / Infrastructure & Cloud / MSP (Managed Services) EV 300M - 700M SEK

Context

Combinedx AB has entered into a definitive agreement to divest its wholly-owned subsidiary, Nethouse, to Nordlo. This strategic carve-out allows Combinedx to realize significant value from an asset it acquired in 2020, while providing Nordlo with a highly profitable and specialized infrastructure unit. The transaction is subject to customary regulatory approvals from the Swedish Competition Authority and the Inspectorate of Strategic Products (ISP), with closing expected within five weeks of the announcement. The strategic rationale for Combinedx is the optimization of its portfolio and the generation of surplus liquidity, which the board intends to evaluate for potential extraordinary dividends or reinvestment into higher-growth digital segments. For Nordlo, the acquisition of Nethouse adds significant scale to its cloud and security offerings, integrating a team of 120 experts with a proven track record in high-availability systems.

NETHOUSE, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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

Target

Nethouse is a specialized Swedish IT consultancy focused on robust cloud infrastructure and the management of high-availability systems with stringent security requirements. Founded in 1998, the organization provides mission-critical application management and IT infrastructure services to a diverse client base. The business model centers on high-reliability outsourcing and technical consulting, employing 120 professionals. Before its divestment, Nethouse was a core contributor to its parent group, representing 25% of its total revenue and pro forma EBITA. Its value proposition is anchored in the management of complex IT environments where uptime and data security are paramount, making it a key player in the Swedish managed services market.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (SEK)

Year

Rev

EBITDA

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2024

2023

Similar deals in IT Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
05/2026	CINVEN	ONGOING WAREHOUSE	SWEDEN	Infrastructure & Cloud
05/2026	ISATIS CAPITAL	CAPTIVEA	FRANCE	Custom Dev
04/2026	LEGAL & GENERAL L&G / BPIFRANCE	BLUE	FRANCE	MSP (Managed Services)
04/2026	PROJECT INFORMATICA	SISTEMI HS	ITALY	Consulting & Integration
04/2026	TRUESEC GROUP	SUBSET	SWEDEN	Cybersecurity Services
04/2026	NORD HOLDING	VISIONMAXX GROUP	GERMANY	MSP (Managed Services)
04/2026	AGENCE DES PARTICIPATIONS DE L'ETAT (APE)	ATOS ADVANCED COMPUTING	FRANCE	Data & AI Consulting
04/2026	VECTION TECHNOLOGIES	DXLABS	AUSTRALIA	Custom Dev
03/2026	SPYROSOFT	MD CONSULTING UND INFORMATIONSDIENSTE	GERMANY	Custom Dev
02/2026	BRIDGEPOINT / POLARIS PRIVATE EQUITY	PDSVISION GROUP	SWEDEN	Consulting & Integration

REFERENCES

Valuation range: EV 300M - 700M SEK

Revenue range: 250M - 500M SEK

EBITDA range: 25M - 50M SEK

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