M&A Deal Summary

Cegeka Acquires Citymesh

On December 1, 2020, Cegeka acquired communications company Citymesh

Acquisition Highlights
  • This is Cegeka’s 1st transaction in the Communications sector.
  • This is Cegeka’s 2nd transaction in Belgium.

M&A Deal Summary

Date 2020-12-01
Target Citymesh
Sector Communications
Buyer(s) Cegeka
Deal Type Add-on Acquisition

Target

Citymesh

Oostkamp, Belgium
Citymesh specializes in offering both permanent and temporary connectivity solutions, utilizing cutting-edge Wi-Fi, IoT (0G), 4G, and 5G technologies. Citymesh was founded in 2006 and is based in Oostkamp, Belgium.

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Buyer(S) 1

Buyer

Cegeka

Hasselt, Belgium

Category Company
Founded 1992
Sector Information Technology
Employees3,567
DESCRIPTION

Cegeka is a family-owned IT solutions provider founded on craftsmanship and works in close cooperation with customers. The company helps organizations create frictionless and highly personalized experiences for their customers, consumers, and citizens. Cegeka was founded in 1992 and is based in Hasselt, Belgium.


DEAL STATS #
Overall 4 of 5
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Belgium M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Gridmax

Vresse-sur-Semois, Belgium

Gridmax specializes in the rollout of 4G mission-critical connectivity services for MTC applications in the 3.5 GHz band for rural regions. The company provides private 4G connectivity for rural areas, which mainly targets the B2B market. Gridmax is based in Vresse-sur-Semois, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 CTG

Amherst, New York, United States

CTG is an information technology (IT) solutions and staffing company with operations in North America and Europe. CTG provides IT services to its clients, which includes IT Solutions and IT Staffing. CTG was founded in 1966 and is based in Amherst, New York.

Buy $170M