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05/2022

WEBEYE TELEMATICS acquired by W.A.G PAYMENT SOLUTIONS

HUNGARY Software / Industry-Specific Software / Automotive EV 20M - 50M EUR

Context

W.A.G payment solutions plc entered into a restructured definitive agreement to acquire substantially all of the operational assets of WebEye Telematics Zrt. This corporate carve-out is structurally sequenced into two distinct tranches to successfully navigate and mitigate prior regulatory hurdles formally raised by the Hungarian authorities. The first tranche exclusively encompasses the acquisition of all non-Hungarian subsidiaries, while the second tranche meticulously executes the transfer of the domestic operations. Strategically, this transaction represents a highly value-accretive maneuver deliberately designed to accelerate sector consolidation within the Commercial Road Transportation landscape. The direct integration of an extensive portfolio of over 58,000 connected trucks immediately expands the captive customer base of the combined entity, unlocking substantial cross-selling opportunities for integrated payment and advanced mobility solutions. By actively harnessing the robust proprietary data continuously generated by the acquired telematics infrastructure, the platform is uniquely positioned to accelerate the deployment of next-generation mobility services, thereby driving profound operational efficiencies for transport operators

WEBEYE TELEMATICS, which reported an EBITDA margin of LOGIN in 2021, 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.

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Target

WebEye Telematics Zrt. is a Hungary-based technology provider specializing in advanced fleet management solutions meticulously tailored for the Commercial Road Transportation sector. The company operates a highly robust business model anchored by an installed base of over 58,000 connected trucks, driving significant recurring data generation and entrenched customer stickiness. Firmly established as a dominant market leader in Hungary and Romania, the firm also boasts a formidable strategic footprint across the broader Central and Eastern European landscape, encompassing active operations in Germany, Poland, and the Czech Republic. By delivering mission-critical telematics and fleet tracking capabilities, the company occupies a highly defensible market positioning against both regional challengers and pan-European incumbents.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue range: 5M - 25M 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).