mynth
← DATABASE
04/2026

VISIONMAXX GROUP acquired by NORD HOLDING

GERMANY IT Services / Infrastructure & Cloud / MSP (Managed Services) EV 100M - 350M EUR

Context

Nord Holding has successfully finalized a majority investment in the share capital of the target, alongside its founding management team. This strategic transaction represents a pivotal step in the acquirer’s objective to establish a dominant digital IT infrastructure platform for the outpatient healthcare system throughout the DACH region. The strategic rationale for the move centers on the high degree of technical alignment between the target’s specialized managed service expertise and the acquirer’s established focus on healthcare technology and software investments. By partnering with the organization’s visionary leadership, the acquirer aims to accelerate the development of a central digital platform that addresses the increasing complexity of medical telematics and IT security. The partnership is designed to leverage the target’s unique market leadership in the dental sector to broaden its reach across the wider outpatient medical landscape. This integration facilitates the scaling of a specialized IT ecosystem, providing the strategic depth and capital required to navigate the rapid digitalization of medical practices and the evolving regulatory requirements of health data management. This move solidifies the group’s standing as a primary enabler of technological modernization in the German medical services market.

VISIONMAXX GROUP, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

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.

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

Target

VisionmaxX Group is a specialized technology organization operating as a premier Managed Service Provider (MSP) for the outpatient healthcare sector. The entity’s business model is centered on providing high-availability digital infrastructure, telematics, and IT security solutions specifically engineered for medical and dental practices. Its value proposition lies in its ability to offer a fully outsourced IT department for healthcare professionals, ensuring regulatory compliance and operational uptime in highly sensitive medical environments. Strategically, the firm focuses on the digital transformation of the dental and orthodontic niche, integrating specialized hardware with cloud-based management systems and secure communication protocols. By maintaining a network of technical support centers, the organization ensures a mission-critical role in the daily clinical operations of thousands of practitioners across the DACH region. The firm’s multidisciplinary approach also extends to the specialized care sector through its dedicated health infrastructure division.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
LOGIN
LOGIN
LOGIN
2025
LOGIN
LOGIN
LOGIN

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
05/2026CINVENONGOING WAREHOUSESWEDENIT Services

International private equity firm Cinven has agreed to make a significant investment in Ongoing Warehouse, a leading provider of cloud-native WMS solutions. The transaction represents a partnership, as the company's co-founders, Henrik Ekman and Gerhard Guron, along with CEO Fredrik Einarsson, will remain significant shareholders and continue to lead the business. Cinven's investment thesis is built on several key factors. The firm identified Ongoing as operating in a high-growth segment supported by durable, long-term tailwinds, specifically the continued shift from legacy systems to specialized, cloud-based warehouse management solutions

05/2026IRENNOSTRUM GROUPSPAINIT Services

The acquisition of Nostrum Group by IREN Limited is a strategic move that will enable the company to expand its footprint in Europe and add significant development, engineering, construction, and operations capability in support of its global AI Cloud Services strategy. The transaction is subject to the satisfaction of certain closing conditions and is expected to be completed in the near future. The acquisition will provide IREN Limited with access to Nostrum Group's high-quality data center assets in Spain, including approximately 490MW of power capacity, as well as a pipeline of additional development projects

04/2026PROJECT INFORMATICASISTEMI HSITALYIT Services

WeAreProject, the primary IT services platform controlled by EMK Capital, has successfully entered into a definitive agreement to acquire a majority stake in Sistemi Hardware & Software S.p.A. (Sistemi HS) and its subsidiary Stackna S.r.l. This transaction marks the first inorganic expansion of the group following its change in ownership earlier in the year and represents a significant geographic densification in Northern Italy, particularly within the Piedmont region. The strategic rationale for the move centers on the integration of the target’s established professional services network with the group’s high-density managed services platform

04/2026TRUESEC GROUPSUBSETSWEDENIT Services

The international cybersecurity leader has successfully finalized the acquisition of 100% of the share capital of the target, a specialist in high-assurance software development. This strategic transaction represents a definitive move to incorporate "provably secure" engineering capabilities into the group’s broader service portfolio, targeting the rapidly growing European defense and critical infrastructure markets. The strategic rationale for the move centers on the acquirer’s objective to address the increasing demand for verified software integrity driven by geopolitical instability and increased NATO defense spending

04/2026LEGAL & GENERAL L&G / BPIFRANCEBLUEFRANCEIT Services

The acquisition of Blue by Legal & General Asset Management (L&G) represents a significant entry into the French sovereign cloud market for the British institutional manager’s digital infrastructure fund, LDIF. This transaction marks the conclusion of a highly successful holding period for Quilvest Capital Partners, who served as the lead sponsor since 2020. During this period, Blue nearly tripled its revenue, reaching 55 million EUR in 2025, supported by three strategic build-ups: Oceanis, ADMI, and Openhost

04/2026AGENCE DES PARTICIPATIONS DE L'ETAT (APE)ATOS ADVANCED COMPUTINGFRANCEIT Services

The French State submitted acquires 100% of Atos's Advanced Computing activities (carved out from the BDS division). The transaction is part of Atos's broader accelerated safeguard financial restructuring plan, approved by the commercial court on October 2024. A previous non-binding offer from the French State had covered a wider perimeter including Mission Critical Systems and Cybersecurity Products, but the final offer was narrowed to Advanced Computing only. Separately, Atos commits to launching a formal sale process for its remaining BDS assets — Cybersecurity Products and Mission Critical Systems

04/2026NORDLONETHOUSESWEDENIT Services

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

04/2026VECTION TECHNOLOGIESDXLABSAUSTRALIAIT Services

Vection Technologies has executed a definitive share sale agreement to acquire one hundred percent of Digital Experience Labs in a strategic transaction aimed at bolstering its enterprise automation capabilities. This transaction integrates DXLabs’ no-code service and automation expertise into Vection’s existing XR and AI technology stack. The primary strategic rationale for the deal is to strengthen Vection’s Australian market presence and establish an Asia-Pacific (APAC) launchpad for its broader digital transformation offerings

03/2026SPYROSOFTMD CONSULTING UND INFORMATIONSDIENSTEGERMANYIT Services

Spyrosoft has signed a definitive agreement to acquire 100% of the shares in MD Consulting und Informationsdienste GmbH, a strategic move designed to significantly bolster its presence in the German market. This acquisition follows Spyrosoft's stated objective to deepen its penetration in the DACH region, which already accounts for approximately 25% of the group's total turnover. The strategic rationale for the deal is centered on diversification and market access. By integrating MD Consulting, Spyrosoft gains an established gateway into the German public sector, a segment characterized by high technical requirements and significant barriers to entry for non-local firms

02/2026CPP INVESTMENTS / EQUINIXATNORTHICELANDIT Services

Partners Group has agreed to sell atNorth to a consortium comprising CPP Investments and Equinix. Under the agreement, CPP Investments will hold a 60% controlling interest, with Equinix owning the remaining 40%. The transaction marks a successful exit for the seller, who transformed the company from a smaller base into a leading pan-Nordic platform, increasing contracted EBITDA 14-fold since 2022. The deal includes a provisionally agreed financing package of 4.2 billion dollars to fund both the acquisition and the aggressive expansion of the company’s 1

REFERENCES

Valuation range: EV 100M - 350M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VISIONMAXX GROUP by NORD HOLDING are reserved for mynth community members. Register for free to unlock full data.

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).

Target: visionmaxx group

Acquirer: nord holding