secunet Security Networks Aktiengesellschaft (XTRA:YSN) acquired SysEleven GmbH for €65 million on May 17, 2022. The purchase price amounts to around €50 million and can be increased by a total of €15 million through performance-based components (earn-out) extending into 2024. The purchase price will be financed from the company's own funds. SysEleven achieved sales of around €15 million in 2021. Earnings before interest and taxes (EBIT) were around €1.3 million. secunet assumes that the acquisition will not have a significant impact on the forecast for the 2022 financial year. Ralf Philipp Hofmann and Maximilian von Bodman of Drake Star Partners acted as financial advisor for SysEleven. Jan Odewald, Kai Behling and Adrian Neuberth of BDO AG Wirtschaftsprüfungsgesellschaft, Investment Banking Arm acted as financial advisor while Michael Brauer and Peter Müller of BDO Legal Rechtsanwaltsgesellschaft mbH acted as legal advisor to secunet Security Networks Aktiengesellschaft.

secunet Security Networks Aktiengesellschaft (XTRA:YSN) completed the acquisition of SysEleven GmbH on May 17, 2022.