Inmics Oy has been acquired by Telia
Inmics Oy has been acquired by Telia
Telia Company acquires 100 percent of Inmics Oy, a Finnish ICT company with a strong regional presence, at an enterprise value of EUR 75 million on a cash and debt free basis. The transaction will further strengthen Telia Company’s product portfolio with a competitive offer of IT equipment and services targeting the Finnish SME segment.
Inmics was founded in 1989 and has approximately 190 employees. The company is positioned as a local ICT-partner and acts as a reseller of workstations, IT-equipment and software and related managed services. Based on the 2016/17 results, the purchase price corresponds to an EV/EBITDA multiple of 11.7x and a multiple of 9,7x including synergies that is expected to fully materialize from 2019.