
Ordina
Solutions for financial services, government, healthcare and other industries.
Date | Investors | Amount | Round |
---|---|---|---|
* | €518m Valuation: €518m 1.1x EV/Revenue 10.4x EV/EBITDA | Acquisition | |
Total Funding | 000k |
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Ordina was founded in 1973, marking the beginning of its journey as a provider of IT services. Over the decades, the company established itself as a significant player in the IT sector, offering a suite of solutions that catered to various business needs. Despite the lack of detailed information about its founders, Ordina's growth trajectory speaks volumes about its leadership and strategic direction.
In March 2023, Ordina reached a pivotal moment in its history when it was acquired by Sopra Steria, a European leader in consulting, digital services, and software development. The acquisition deal was valued at approximately $555 million, marking a significant milestone for Ordina. This acquisition was not just a financial transaction but a strategic move that promised to enhance the capabilities and reach of both companies.
Ordina's acquisition by Sopra Steria was supported by its largest shareholders, Teslin and Mont Cervin, who collectively held a 26% stake in the company. The CEO and CFO of Ordina also agreed to tender their shares, signaling strong internal support for the acquisition.
This acquisition is expected to create synergies that will benefit both companies, allowing them to leverage each other's strengths and expand their market presence. For Ordina, this means an opportunity to integrate into a larger ecosystem and continue its legacy of innovation and service excellence under the umbrella of Sopra Steria. The journey of Ordina is a testament to its resilience and adaptability in the ever-evolving IT landscape.
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