mynth
06/2017

TTS FRANCE acquired by EVERNEX

FRANCE IT Services REV 0M - 5M EUR

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 in 2016, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2016
2015

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07/2015THE CARLYLE GROUPEVERNEXFRANCEMSP (Managed Services)
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10/2013NTT DATA CORPORATIONEVERIS GROUPSPAINCustom Dev

REFERENCES

Revenue range: 0M - 5M EUR

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

Acquirer: evernex