TeamViewer SE, a German remote access software company, has entered into an agreement to acquire the British software company 1E from the American investment company Carlyle Group Inc. This is reported in the TeamViewer press release.
The transaction value is $720 million. Financing involves the use of current credit lines and new debt instruments.
In 2024, TeamViewer shares fell by 21% to 11 euros per share, reducing the company's market value to 1.9 billion euros ($2 billion). The Carlyle Group acquired a controlling stake in 1E in 2021.
The transaction is expected to be completed in early 2025, subject to regulatory approval.
The deal is aimed at expanding TeamViewer's presence in North America and developing artificial intelligence technologies in TeamViewer by integrating remote access software with the autonomous IT platform 1E, whose customers in the United States are HP and Nike Inc.
TeamViewer SE is a German technology company headquartered in Goppingen (Germany). The company develops software for remote access, management and maintenance of computers and other end devices.
1E is a British IT company developing technologies for diagnostics, troubleshooting and automation in real time, taking into account the reduction of energy consumption of IT equipment (PCs, monitors and servers). The headquarters are located in London (England) and New York (USA) with offices in Paris (France) and Frankfurt am Main (Germany).
Carlyle Group Inc. is an American multinational company in the field of private equity, alternative asset management and financial services. The company manages assets worth $426 billion.
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