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General

Retelit acquires PA Group for EUR 74 mln

Wednesday 23 October 2019 | 09:24 CET | News
Italian telecommunications infrastructure provider Retelit has agreed to acquire Udine-based Partner Associates SpA Group (PA Group) for a total of EUR 60 million plus an earn-out of around EUR 13 million over 3 years based on achieving performance objectives. ICT specialist PA Group is a systems integrator with around 8,000 business customers across Italy and revenues of EUR 60 million in 2018, with an Ebitda of around EUR 10 million. Its subsidiary InAsset owns four data centres plus a 1,700 km fibre-optic network in the north-east of the country.

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Categories: General
Companies: Retelit
Countries: Italy
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