Elisa has signed an agreement in which it will acquire the remaining share capital (81 per cent) of sedApta Group from the current owners. Elisa acquired a minority share (19 per cent) of sedApta in 2021. The estimated closing is in October 2024.
Italy-based sedApta is an industrial software provider specialising in innovative IT solutions for manufacturing operation and supply chain management with over 1,500 manufacturing industry customers globally.
The acquisition is consistent with Elisa’s strategy to grow digital services internationally. It accelerates the growth of the Elisa IndustrIQ business, strengthening the software offering in industrial automation and Elisa’s foothold in the global manufacturing customer base.
The acquisition price is EUR 62 million, and it is based on a 100 per cent EV of EUR 70 million. The acquisition price will be paid in cash. This acquisition has no impact on Elisa’s medium-term financial targets nor dividend payment capabilities. It is estimated that the acquired company will be consolidated into Elisa's financial statements from November 2024.
sedApta’s revenue in 2023 was EUR 49 million and EBITDA was EUR 8 million. The company was founded in 2014 with headquarters in Genoa, Italy, and it employs approximately 500 people in Italy, France, Germany, the UK and Brazil.
