VISICON acquired by SESA GROUP
Context
This transaction involves the acquisition of an 80% majority stake in Visicon GmbH by Var Group, a strategic move designed to reinforce the acquirer's Enterprise Platform Competence Center and accelerate its internationalization in the DACH market. The business combination is driven by the demand for end-to-end digitalization of business processes within mid-market manufacturing enterprises. By integrating the target’s specialized SAP and EDI expertise, the acquirer strengthens its service portfolio and gains a new regional foothold, particularly in Germany and Austria. The rationale includes the cross-pollination of EDI and digital document flow solutions across the acquirer’s broader European customer base, creating significant potential for revenue synergies.
The acquisition of Visicon is part of the growth strategy of Sesa Group, which already has several external growth operations under its belt, notably Delta TecnologíAs De InformacióN in 2025.
VISICON, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).
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Target
Visicon GmbH is a specialized provider of consulting and support services centered on SAP implementations and Electronic Data Interchange (EDI) solutions. Established in 1998, the firm delivers end-to-end management of business processes, offering consultancy, technical support, and continuous training to medium-sized enterprises. Its core service offering facilitates the integration of digital document flows and electronic invoicing, essential for modern business operations. With a geographic focus on Germany and Austria, the company supports clients primarily within the manufacturing sector, enabling the digitalization of operational workflows. By acting as a technical bridge between complex ERP environments and external business ecosystems, the firm ensures streamlined data exchange and process efficiency.
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REFERENCES
Valuation range: EV 0M - 15M EUR
Revenue range: 5M - 25M EUR
EBITDA range: 0M - 5M EUR
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Press release: view release
Target: visicon
Acquirer: sesa group