TagMaster AB, a supplier of advanced sensor systems for Smart Cities within Traffic and Rail, has acquired Sensys Networks Inc for USD 16m. The acquired company’s sales amounted to USD 15m with EBITDA of USD 1.7m in 2018, corresponding to an EV / EBITDA multiple of 9.4x.
ⓘ This story was originally featured in our daily Nordic M&A Newsletter - we publish some of the newsletter content with delay through our M&A Newsletter Library
. If you would like more insights on this deal or industry then send us an email at email@example.com