SoftwareOne (Computer services)
AlphaValue
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Note: This is a daily stock update and the information stands true as of 13/12/24, 09:00 CET.
Company Update: SoftwareOne confirmed that it is in advanced negotiations for a takeover of Crayon which should be settled in cash and shares (no further details disclosed).
The deal would make sense from a strategic standpoint as Crayon is the 5th largest reseller of Microsoft licenses globally. However rayon is trading at a noticeable premium to SWON and the deal would be substantially EPS dilutive. Crayon is trading at EV/Sales of 1.7x vs. SWON of 1.2x and Crayon at EV/EBITDA of 9.4x vs. 5.1x for Software One.
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