Digital Value Acquisition, Valuation & Financials
Digital Value was acquired by One Equity Partners for $549M in October 2025, a 0.6x multiple on $881M of revenue.
Digital Value acquisition price
$549M
Acquired by One Equity Partners · Oct 2025
Digital Value revenue at acquisition
$881M
Last twelve months · Oct 2025
Digital Value revenue multiple at acquisition
0.6x
EV/Revenue · Oct 2025
Digital Value EBITDA multiple at acquisition
6.4x
EV/EBITDA · Oct 2025
About Digital Value
Digital Value is an Italian information technology group headquartered in Rome, created in 2018 from the merger of Italware and ITD Solutions. It provides IT infrastructure, data management, workplace, managed services and cloud solutions to public and corporate customers across key industries, and it has offices in Milan, Bologna, Prato, Naples and Ancona. Its shares were listed on Euronext Milan from May 2023. In 2024 it reported consolidated revenues of EUR 815.8 million and EBITDA of EUR 91.8 million with more than 600 employees. It has grown by acquisition, including TT Tecnosistemi in 2021 and Infordata in September 2024 for EUR 22 million. One Equity Partners bought a majority stake from DV Holding in 2026, then completed a mandatory tender offer, and the shares were delisted on 27 May 2026.
Founded
2018
HQ
RomeWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Services
Revenue
$881M (Oct 2025)
Valuation
$549M (acquired Oct 2025)
Sectors
Digital Value Acquisition
Digital Value was acquired by One Equity Partners for $549M on 21 October 2025.
The acquisition price implies a 0.6x revenue and 6.4x EBITDA multiple on $881M of revenue.
Digital Value S.p.A. (DGV.MI), an Italian technology solutions-focused value-added reseller listed on Euronext Milan, provides IT infrastructure, data management, workplace enhancement, managed services, and cloud solutions to public and corporate customers in key industries. One Equity Partners (OEP), a middle-market private equity firm targeting industrial, healthcare, and technology sectors in North America and Europe, agreed on October 21, 2025, to acquire a majority stake from DV Holding S.p.A. OEP views Digital Value as a platform to execute its M&A strategy in Italy's fragmented technology market, replicating value creation playbooks from similar companies in Europe and the US through transformative combinations and expansion of growth areas. OEP Danzig BidCo S.p.A., an OEP vehicle, completed the acquisition of 59.29% (6,036,455 shares) from DV Holding on March 5, 2026, for EUR175.06 million at EUR29.00 per share, triggering a mandatory public takeover bid under Italian regulations for the remaining shares (up to 4.1 million shares plus 94,044 potential incentive shares), valued at a maximum of EUR122 million. The offer price matches the controlling stake price, represents a 25.5% premium to the 12-month weighted average before the announcement, and includes a 1.2% discount to the October 20, 2025, closing price. Equita SIM acted as financial advisor, Banca Akros as ECM advisor, and Allen Overy Shearman Sterling as legal advisor to the purchaser.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 21 Oct 2025 | PE buyout | $549M | 0.6x | 6.4x |
Sources: oneequity.com, ftaonline.com
Digital Value as a Public Company
Digital Value traded as DUS: L9U before it was taken private. Its acquisition was announced in October 2025. April 2026 is its last month on record as a listed company, with a market cap of $347M and an enterprise value of $199M.
Last-twelve-month revenue was $805M, with EBITDA of $71M (9% margin), and the shares traded at 0.2x EV/Revenue and 2.8x EV/EBITDA.
Over the 4 years before that, its market cap fell from $949M in April 2022 to $347M, while revenue grew from $657M to $805M.
Digital Value market cap while listed
Digital Value EV/Revenue (LTM) while listed
| As of | Market cap | Revenue (LTM) | EBITDA (LTM) | EBITDA margin | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Apr 2026 | $347M | $805M | $71M | 9% | 0.2x | 2.8x |
| Apr 2025 | $213M | $1.1B | $119M | 10% | 0.2x | 1.7x |
| Apr 2024 | $670M | $947M | $101M | 11% | 0.7x | 6.6x |
| Apr 2023 | $760M | $804M | $84M | 10% | 0.9x | 8.8x |
| Apr 2022 | $949M | $657M | $67M | 10% | 1.4x | 13.6x |
Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Digital Value traded.
Acquisitions by Digital Value
Digital Value has acquired 2 companies to date.
Last acquisition by Digital Value was on April 19th 2024. Digital Value acquired Infordata for $24M.
Latest Acquisitions by Digital Value
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} TT Tecnosistemi | ||
| Description | Infordata is a Padua-headquartered Italian company that delivers system integration and IT infrastructure services, including planning, development, supply, and maintenance for public administration and private enterprises across Italy and Europe. The firm specializes in cybersecurity solutions, cloud computing platforms, and digital transformation projects, serving sectors such as healthcare, finance, and government with customized hardware and software deployments. Founded in 1986, Infordata maintains operations through regional offices in Verona, Rome, and Milan, supporting large-scale data center migrations and network optimizations. | TT Tecnosistemi is an Italian information and communication technology company based in Prato that has operated since 1984. It is particularly active in central Italy, in Tuscany, Emilia-Romagna, Umbria and Marche, and its customers are mostly large companies, small and medium enterprises and public administration. It has built expertise in fashion and textiles, healthcare, utilities, retail and manufacturing. Its main services are integrated networking and security systems, data centre and virtualisation services delivered on premises and in the cloud, and management of modern workplace devices. It is a benefit corporation holding EMAS and ISO 14001 certifications. In 2020 it reported revenue of EUR 44.9 million and EBITDA of EUR 3.3 million. |
| HQ Country | | |
| HQ City | Latina | Prato |
| Deal Date | 19 Apr 2024 | 1 Nov 2021 |
| Valuation | $24M | $19M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Digital Value acquisitions and their M&A valuation multiples. Start Free Trial | ||
Digital Value Competitors
Digital Value competitors include listed companies like Atos, IndoInternet, Sygnity and Bouvet, and private ones like Bespin Global and Bitwise Industries.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 France | Publicly listed | $9B | ($484M) | $550M | 0.4x | |
 Indonesia | Publicly listed | $47M | $25M | $543M | - | |
 Poland | Publicly listed | $89M | $26M | $539M | - | |
 Norway | Publicly listed | $419M | $61M | $537M | 1.3x | |
 Seoul | Private | - | - | $600M | - | |
 Fresno, CA | Private | $40M | - | $600M | 15.0x |
Digital Value Public Comps
Digital Value is no longer listed, but its public comps include Atos, IndoInternet, Sygnity, Bouvet, Meeza QSTP, Argo Graphics, Baudroie, Xinjiang Sailing Information, Plus Alpha Consulting and Adesso.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $9B | ($484M) | 0.3x | 0.4x | (5.7x) | 3.3x | |||
| $47M | $25M | 15.9x | - | 29.6x | - | |||
| $89M | $26M | 5.4x | - | 18.7x | - | |||
| $419M | $61M | 1.3x | 1.3x | 8.9x | 9.3x | |||
| $111M | $33M | 6.2x | 5.1x | 20.4x | 16.7x | |||
| $452M | $174M | 0.8x | 0.8x | 2.1x | - | |||
| $110M | $23M | 5.1x | 4.1x | 24.2x | 24.4x | |||
| $34M | ($2M) | 14.7x | - | (217.7x) | - | |||
This data is available for Pro users. Sign up to see all Digital Value competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Digital Value
| When was Digital Value founded? | Digital Value was founded in 2018. |
| Where is Digital Value headquartered? | Digital Value is headquartered in Rome, Italy. |
| Is Digital Value publicly listed? | No, Digital Value was acquired by One Equity Partners in October 2025. |
| Who acquired Digital Value? | Digital Value was acquired by One Equity Partners in October 2025. |
| How much was Digital Value acquired for? | Digital Value was acquired for $549M in October 2025, a 0.6x revenue multiple. |
| Which companies are comparable to Digital Value? | Companies comparable to Digital Value include Atos, IndoInternet, Sygnity, Bouvet, Bespin Global and Bitwise Industries. |
| What was Digital Value's market cap before the acquisition? | Digital Value had a market cap of $347M in April 2026, its last month on record as a listed company, trading at 0.2x EV/Revenue. |
| What was Digital Value's revenue as a public company? | Digital Value's last reported twelve-month revenue was $805M (April 2026), with EBITDA of $71M. |
| How many companies has Digital Value acquired? | Digital Value has acquired 2 companies, including Infordata and TT Tecnosistemi. |
| What was the largest acquisition by Digital Value? | The $24M acquisition of Infordata in April 2024 is the largest acquisition Digital Value has made to date. |
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