Teamviewer acquires London-based 1E in $720-million deal (updated)

TeamViewer SE

10/12/2024 07:26

(Adds details on 1E, shares, CEO quotes in paragraphs 2-3, 5)
       Dec 10 (Reuters) - Teamviewer  TMV.DE  has signed a deal
to acquire the London-based IT firm 1E for an enterprise value
of $720 million, the German software company said on Tuesday.
    Shares in the German firm were down 5% in pre-market trading
following the announcement.
    Teamviewer, which signed the deal with Carlyle Europe
Technology Partners, part of Carlyle  CG.O , said it expects the
transaction to close early next year.
    The company expects a contribution of 10 million euros 
($10.56 million) in 2026 and 25 million euros the year after,
its chief executive Oliver Steil said in a press call arranged
after the announcement.
        1E develops products that detect IT issues, with Adidas
 ADSGn.DE  and AT&T  T.N  among those listed as customers on its
website.
  
        
  
($1 = 0.9467 euros)
    

 (Reporting by Paolo Laudani and Hakan Ersen, editing by Rachel
More)
 ((Paolo.Laudani@thomsonreuters.com;))