VIASAT GROUP acquired by TARGA TELEMATICS
Context
The acquisition of Viasat Group by Targa Telematics is a strategic move aimed at creating a leading global player in the IoT and digital solutions market for connected mobility. The deal is expected to strengthen Targa Telematics' position in the Italian market and accelerate its European expansion, while also enhancing its capabilities in the development and implementation of innovative electronic solutions. The integration of Viasat Group's operations is anticipated to drive significant synergies, particularly in the areas of research and development, sales and marketing, and operational efficiency. The combined entity will have a strong presence in eight European countries, as well as a presence in Chile, and will be well-positioned to capitalize on the growing demand for connected mobility solutions. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the first half of 2023. The strategic rationale behind the deal is to create a global leader in the IoT and digital solutions market, with a comprehensive portfolio of products and services that cater to the evolving needs of the automotive and mobility sectors. The acquisition is expected to drive significant revenue growth, improve profitability, and enhance the combined entity's competitive position in the global market.
VIASAT GROUP, which reported an EBITDA margin of LOGIN in 2021, 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 (14.4x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Viasat Group is a technology company specializing in high-tech electronic systems, particularly in the automotive sector. The company has a strong presence in Italy and has expanded its operations internationally through strategic acquisitions. Viasat Group's business model revolves around the development and implementation of innovative electronic solutions for various industries, including automotive, waste management, and smart mobility. With a history dating back to 1974, the company has evolved significantly over the years, driven by its commitment to research and development, customer satisfaction, and strategic expansion. Viasat Group's product and service offerings cater to the evolving needs of its clients, focusing on delivering high-quality, reliable, and efficient solutions that meet the demands of a rapidly changing technological landscape. The company's expertise in IoT and digital platforms for connected mobility positions it as a key player in the global technology sector.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M 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: targa telematics