Gofore: Small step on group level, but large step for DACH - SEB
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Gofore: Small step on group level, but large step for DACH - SEB

Gofore acquires small German digital consulting company Esentri AG for EUR 10m, as a multiple broadly in line with its own, we estimate. The new Gofore member adds some 6% to sales and 4% to EBITDA, we calculate. While on the group level, the transaction is small, it is a material move in the strategic DACH region. Despite a tough market in Finland, we welcome larger scale in DACH where the German stimulus should support the market.

Gofore acquires small German digital consulting company Esentri AG for EUR 10m, as a multiple broadly in line with its own, we estimate. The new Gofore member adds some 6% to sales and 4% to EBITDA, we calculate. While on the group level, the transaction is small, it is a material move in the strategic DACH region. Despite a tough market in Finland, we welcome larger scale in DACH where the German stimulus should support the market.
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