Ratos has signed an agreement, together with Rite Ventures and the company’s management, to acquire Nebula Oy, Finland’s leading provider of cloud services to small and medium-sized companies. The purchase price (enterprise value) for 100% of the company amounts to EUR 82.5m, of which Ratos will provide equity of approximately EUR 35m. Subsequent earn-outs may be paid.
Nebula has four data centres, of which two are located in Finland, one in London and one in Singapore, as well as its own leased fibre network between the largest cities in Finland. Nebula has a total of about 34,000 customers and sales in 2012 totalled EUR 24.2m with an operating profit (EBITA) of EUR 8.1m. 90% of sales are subscription based. Since 2006, Nebula has had average annual growth of 26% with good profitability. The company currently has 110 employees.
Ratos’s CEO, Susanna Campbell, comments: “Nebula is a fast-growing and market leading company in its sector where demand is driven partly by an increased need for flexible, secure and highly accessible data storage and transmission, and partly by the efficiency gains customers can obtain by outsourcing parts of their IT environment. — We see major potential to develop Nebula with continued growth and good profitability since they have a very strong market position, a scalable business model, good customer relationships, strong cash flows and services that are relatively non-cyclical.”
Read more about the aquisition: www.ratos.se
