GlobalLogic has acquired Mobiveil to enhance its digital engineering services, aiming to expand its capabilities in the semiconductor and cloud sectors.
Target Information
GlobalLogic has solidified its presence as a major player in the technology services sector through its recent acquisition of Mobiveil, a company known for its innovative solutions in the semiconductor domain. Mobiveil specializes in developing advanced hardware and software technologies, particularly in the field of data centers and cloud services, making it a strategic addition to GlobalLogic’s portfolio.
This acquisition enhances GlobalLogic’s capabilities in mobility and product engineering services, allowing it to better serve its clientele in an increasingly digital world. The integration of Mobiveil's expertise into GlobalLogic's existing service offerings is expected to foster innovation and improve service delivery across various sectors.
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Industry Overview
The technology services industry, particularly in the context of the United States, is experiencing significant growth due to rising demands for digital transformation across
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Disclosed details
Transaction Size: $925M
Revenue: $360M
EBITDA: $185M
EBIT: $105M
Net Income: $60M
Enterprise Value: $1,124M
Equity Value: $645M
Multiples
EV/EBITDA: 6.1x
EV/EBIT: 10.7x
EV/Revenue: 3.1x
P/E: 10.8x
P/Revenue: 1.8x