Gofore announced this morning its largest acquisition so far. By acquiring Finnish Huld the company’s sales will increase some >20% and the mix between private segment and public segment clients will be more balanced. We think the transaction makes a strong strategic fit as it allows stronger position in the growing defense sector. The transaction EV/EBITDA is some 9.6x (2024), which is slightly above Gofore’s current 2025E multiple of 8.1x.
LÄS MER