TTS FRANCE acquired by EVERNEX
Context
Evernex has completed a targeted platform optimization by executing the 100% acquisition of TTS France, marking a strategic build-up within its technical services portfolio. This transaction follows the concurrent cross-border acquisition of the Spanish IT infrastructure maintenance specialist, CAT Sistemas. The acquisition thesis centers on absorbing highly specialized, niche engineering capabilities rather than expanding the revenue base through large-scale market share. TTS France injects a rare technical expertise in repairing tape drives, library storage units, and high-value data backup systems utilized heavily by laboratories. For Evernex, this service offering represents a high-margin, sticky vertical that is critical for corporate clients requiring sophisticated, long-term data archiving solutions. By integrating this specialized maintenance framework into its broader, international IT service platform, Evernex reinforces its end-to-end life-cycle management capabilities, driving organic cross-selling opportunities across its global enterprise customer base.
TTS FRANCE, which reported an EBITDA margin of LOGIN in 2016, 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 (14.8x).
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Target
TTS France is a highly specialized niche player focused on the repair and maintenance of tape drives and tape libraries used for data backup. The company also services backup systems for laboratories. This represents a "high value-added" technical niche due to the scarcity of skills in legacy tape technologies.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 0M - 5M EUR
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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).
Acquirer: evernex