Kape Technologies announces the completion of acquisition of Private Internet Access

  • Dec 15, 2019 GMT
  • Team Kalkine
  • The group was pleased to announce the completion of acquisition of LTMI Holdings by 16th December 2019.
  • Total consideration of the acquisition stood at $95.51 million with the total enterprise value of $127.6 million.
  • LTMI is the holding company of Private Internet Access (PIA). The group is expected to generate revenues in between $120-123 million, adjusted EBITDA in range of $35-38 million and earnings accretion of roughly 90 per cent.

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