Mergers and Acquisitions, Mergers and Acquisitions

VINCI Energies Acquires IT Services Business From Kontron; Valuation Revealed

Puzzle house with a missing piece. The acquisition or construction comfortable dream home. Mortgage loan purchase real estate. Arrangement premises repair. Availability and cheapness. Finish building (Puzzle house with a missing piece. The acquisition

Puzzle house with a missing piece. The acquisition or construction comfortable dream home. Mortgage loan purchase real estate. Arrangement premises repair. Availability and cheapness. Finish building (Puzzle house with a missing piece. The acquisition

VINCI Energies has acquired the majority of the IT services business of European IoT systems integrator Kontron AG for approximately €400 million (about US$410 million).

The acquired assets generated EBITDA of about €41 million (roughly US$42 million in 2021). Translation: The deal is valued at approximately 9.8X trailing annual EBITDA.

This is technology M&A deal number 730 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

VINCI Acquires IT Services Business From Kontron AG

VINCI Energies, founded in 1984, is based in Montesson, Île-de-France, France. The company said in 2021 it had EUR 15.1 billion revenue, 85,700 employees worldwide across 1,800 business units in 57 countries. VINCI's areas of expertise include communications, sustainability, buildings, factories, energy, transport and communication infrastructure, and information systems.

Kontron AG, formerly S&T AG, founded in 1959, is based in Augsburg, Germany. The company has 870 employees listed on LinkedIn. Kontron AG’s areas of expertise include embedded cloud, edge computing, IoT solutions, embedded computing technology (ECT), internet of things (IoT), industry 4.0 applications, high-performance computing (HPC), SUSiEtec, AI, connectivity, digital transformation, smart factories, 5G and 10G-PON, IIoT, software-as-a-service (SaaS), machine learning, time-sensitive networking (TSN), functional safety, smart automation and smart transportation.

The acquisition will bolster VINCI's position in the information and communication technology (ICT) market and expand the firm's Axians brand into new markets in central and eastern Europe, the companies said. The agreement covers Kontron AG's operations in Germany, Switzerland, Poland as well as eight other countries in central and eastern Europe, according to the companies. Kontron AG's subsidiaries operating in Austria, Romania and Hungary are not being sold, Kontron said.

Richard Neuwirth, CFO of Kontron AG, as well as Michael Jeske, COO of Kontron AG, will resign from the executive board of Kontron AG and Clemens Billek will take over the CFO function from Richard Neuwirth, the companies said.

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

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