Milan, 16 April 2025. DHH S.p.A. (DHH.MI) (ISIN shares IT0005203622) announces to have completed today the acquisition of 60% of Teknonet Srl (“Teknonet”).
Founded in 2005 and headquartered in Monteprandone (Ascoli Piceno), Teknonet (www.teknonet.it) is a Managed Service Provider. A Managed Service Provider (MSP) is a B2B company that remotely manages the customers IT infrastructure and connectivity on a proactive basis, typically under a subscription model.
Led by CEO Luigi Carboni, the company closed 2024 with €4,2 million in revenue from sales (vs to €3,6 million in 2023), €922.783 in EBITDA (vs €797.936 in 2023), and €643.046 in net profit (vs €500.279 in 2023). Operating cash flow reached €1,0 million, with almost no financial debt and €1,8 million in net cash.
Today DHH completed the first step of the transaction, the purchase of the first stake of 60% of the share capital of Teknonet, and signed shareholders’ agreements through which it acquired the option right to purchase an additional 40% of the share capital within 90 days from the approval of the financial statements for the year 2026.
The total value of the operation amounted to €5,6 million, including the costs related to the transaction. The purchase price for the acquisition of 60% has been paid entirely in cash throught a credit line with a primary bank institution. The results of Teknonet will be fully consolidated in DHH’s financial statements starting from April 2025.
DHH was supported in the operation by Thymos Business & Consulting.
Giandomenico Sica, Chairman of the Board of Directors of DHH, comments: “We’re pleased to welcome Teknonet into our group, a company we’ve been in dialogue with since 2022 and have consistently admired for its solidity, sound management, and capacity for steady growth. As a Managed Service Provider, it has a complementary position within our group’s portfolio. It operates mainly in central Italy – where we are already present with Connesi – and combines the sale of technological solutions with a subscription-based support service. This acquisition adds a new revenue stream to our group, one that is synergistic with our existing focus on business connectivity and cloud computing. It also gives us the opportunity to explore a service-based subscription model that we may further develop in both Italy and the Balkans”.