Gigas Hosting, S.A. acquired T-Partner for €13.4 million.
September 29, 2022
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Gigas Hosting, S.A. (BME:GIGA) acquired T-Partner for €13.4 million on September 30, 2022. The purchase price comprises a first cash payment of €5.85 million and several deferred payments for the rest. A further payment of €1.7 million will be paid if certain growth objectives are met between 2021-2024. Gigas has used bank debt and available resources on its balance sheet to finance the operation. TPartner generated a turnover of €5.99 million and an EBITDA of €1.78 million in 2021. Jaume Xarrié Sánchez, founder of TPartner, along with his team, will join Gigas. Crea Inversión, PWC and ILV Silver advised Gigas on the purchase.
Gigas Hosting, S.A. (BME:GIGA) completed the acquisition of T-Partner on September 30, 2022.
Gigas Hosting SA is a Spain-based company engaged in the provision of cloud computing services. The Company focuses on offering cloud hosting solutions for business entities, such as small and medium enterprises (SMEs), designers, e-commerce and mobile application developers. Its product range comprises: Cloud Datacenter, which enables users to define and design virtual infrastructure; and Clound Virtual Private Server (VPS), a virtual scalable resource platform. Furthermore, It offers help in migration of customers technology and services to the cloud computing, as well as technical and commercial support services, 24 hours a day. The Company uses technology provided under global brand names, including Hewlett Packard (hp), NetApp, Cisco, Intel, and Microsoft, among others. The Company operates datacenters in Spain and the United States within Interxion and Terremark facilities.
GIGAS HOSTING, S.A. 
