SECO to Acquire Garz & Fricke Group Creating the Listed European Champion in the IoT-AI Market
A TRANSFORMATIONAL DEAL REPRESENTING A KEY MILESTONE IN SECO’S GROWTH STRATEGY ACHIEVEMENT OF THE OBJECTIVES COMMUNICATED TO THE MARKET DURING THE IPO COMBINATION WILL CREATE A GROUP WITH OVER €180m REVENUE AND MORE THAN €40m ADJUSTED EBITDA BY 2022 TOTAL CONSIDERATION OF €180m (IMPLYING 11.2x EBITDA 2022E POST COST SYNERGIES), OF WHICH €165m […]