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 discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (13.8x).

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.