EQS-News: TeamViewer to acquire 1E, a leader in Digital Employee Experience
EQS-News: TeamViewer SE
/ Key word(s): Mergers & Acquisitions
TeamViewer to acquire 1E, a leader in Digital Employee Experience Strategic expansion into Digital Workplace Management
1E, with its c.300 employees, offers a leading DEX platform that delivers real-time visibility on enterprise IT landscapes, promptly identifying issues as they arise and automating remediation directly on the endpoint. This minimizes downtime, disruptions, and costs as well as enhances overall IT performance, employee experience, and satisfaction. The 1E team, led by Chief Executive Officer Mark Banfield, has on average delivered double-digit profitable revenue growth over the past three years, with annual recurring revenue of US$77 million (as of September 2024) and more than 99% of the sales coming from Enterprise customers. This acquisition is expected to deliver a number of additional strategic benefits:
As part of the acquisition, TeamViewer will make several additions to the leadership team, effective upon closing of the transaction. Mark Banfield, CEO of 1E, will become a member of TeamViewer’s Management Board, and act as Chief Commercial Officer of the group. Additionally, TeamViewer intends to appoint Stephen Tarleton, Chief Marketing Officer of 1E, as its Chief Marketing Officer and a member of TeamViewer’s Senior Leadership Team. At the same time, TeamViewer’s Supervisory Board has agreed a three-year contract extension for Chief Product and Technology Officer, Mei Dent, to continue building on the excellent progress on TeamViewer’s Product and R&D strategy within the Management Board. All three leaders will support the alignment of TeamViewer’s and 1E’s commercial and product strategy and drive further growth. Together with 1E’s talent, TeamViewer will continue to innovate and enhance its capabilities in key strategic areas such as intelligent endpoint management and frictionless digital workplace. “With the acquisition of 1E, TeamViewer will enter a new era of intelligent endpoint management by providing customers with a smart solution for preventing and tackling technology issues with minimal friction,” said Oliver Steil, CEO of TeamViewer. “Together with 1E, we are ideally positioned to meet growing customer demands for more real-time, automated, and proactive approaches in the IT and the OT space. TeamViewer’s largest acquisition to date marks an important step forward to accelerate enterprise growth, drive innovation and deliver greater value to our customers. We are excited to work with Mark, Stephen and the fantastic 1E team.” “1E’s driving mission is to create innovative IT solutions that shape the future of work,” said Mark Banfield, CEO of 1E. “Together with TeamViewer, we can accelerate that mission by integrating our DEX platform with world-class connectivity solutions. As two companies with truly complementary products and technologies, TeamViewer is the ideal partner to help us scale our offerings and create an intelligent endpoint management leader. I’m excited to join TeamViewer’s management board as we enter this next chapter of our joint growth story, and I would like to thank the team at Carlyle who have supported us on our journey so far.” “This transformational combination of TeamViewer and 1E will enable further significant expansion into the digital workplace market and set up TeamViewer for continued success. With the extension of Mei’s term and the addition of Mark to the Management Board, we can ensure clarity and stability from our strong leadership team to deliver growth and increase stakeholder value for the future,” said Ralf W. Dieter, Chairman of TeamViewer’s Supervisory Board. Additional Transaction Details TeamViewer will acquire 1E for an enterprise value of US$720 million1, on a cash-free, debt-free basis. Financing will be provided via existing credit lines and new debt instruments. The transaction is expected to close in early 2025 after obtaining all necessary regulatory approvals and subject to customary closing conditions. After closing, pro-forma net leverage ratio is expected to be around 3.3x Adjusted (revenue) EBITDA. TeamViewer is targeting to reduce net leverage ratio to below 2.0x by the end of FY 2026. 1 Equivalent to €686 million if US$720m converted to EUR at exchange rate of 1.0496 Analyst Call Details TeamViewer will hold an analyst conference call this morning at 8:30 AM CET. The live audio webcast can be followed via https://www.webcast-eqs.com/teamviewer-2024-12. A recording will be available on the Investor Relations website at ir.teamviewer.com. The accompanying presentation is also available for download there. The conference call may include forward-looking statements. See the cautionary information about forward-looking statements in the “important notice” section of this press release. ### About TeamViewer TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has more than 640,000 subscribers and enables companies of all sizes and from all industries to digitalize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. Since the company’s foundation in 2005, TeamViewer’s software has been installed on more than 2.5 billion devices around the world. The company is headquartered in Göppingen, Germany, and employs more than 1,500 people globally. In 2023, TeamViewer achieved a revenue of around EUR 627 million. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at www.teamviewer.com. About 1E Hundreds of organizations in 42 countries trust 1E to help them create a better Digital Employee Experience (DEX). The 1E Platform provides real-time diagnosis, remediation, and automation to proactively fix issues before they ruin the workday. Reduce costs, move faster, and increase employee happiness with 1E. For more information, visit1E.com. Important notice Certain statements in this communication may constitute forward looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties, including, but not limited to, those risks and uncertainties described in TeamViewer’s disclosures. You should not rely on these forward-looking statements as predictions of future events, and TeamViewer’s actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to several factors, including without limitation, risks from macroeconomic developments, external fraud, lack of innovation capabilities, inadequate data security and changes in competition levels. TeamViewer undertakes no obligation, and does not expect to publicly update, or publicly revise, any forward-looking statement, whether as a result of new information, future events or otherwise. All stated figures are unaudited. This document contains alternative performance measures (APM) that are not defined under IFRS. The APMs (non-IFRS) can be reconciled to the key performance indicators included in the IFRS consolidated financial statements and should not be viewed in isolation, but only as supplementary information for assessing the operating performance. TeamViewer believes that these APMs provide an additional, deeper understanding of the Company’s performance. TeamViewer has defined each of the APMs in its most recent regular financial disclosures. Contact TeamViewer
Press Contact 1E Namita Tendolkar
10.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | TeamViewer SE |
Bahnhofsplatz 2 | |
73033 Göppingen | |
Germany | |
Phone: | +49 7161 60692 50 |
Fax: | +49 7161 60692 335 |
E-mail: | ir@teamviewer.com |
Internet: | www.teamviewer.com |
ISIN: | DE000A2YN900 |
WKN: | A2YN90 |
Indices: | MDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2047443 |
End of News | EQS News Service |
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2047443 10.12.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 258,16 | 390,19 | 455,61 | 501,10 | 565,87 | 626,69 | 690,00 | |
EBITDA1,2 | 137,24 | 189,49 | 205,14 | 168,34 | 197,50 | 221,92 | 257,00 | |
EBITDA-Margin3 | 53,16 | 48,56 | 45,03 | 33,59 | 34,90 | 35,41 | 37,25 | |
EBIT1,4 | 107,13 | 153,05 | 164,05 | 117,42 | 143,73 | 166,56 | 200,00 | |
EBIT-Margin5 | 41,50 | 39,22 | 36,01 | 23,43 | 25,40 | 26,58 | 28,99 | |
Net Profit (Loss)1 | -12,41 | 104,06 | 103,03 | 50,05 | 67,60 | 114,02 | 140,00 | |
Net-Margin6 | -4,81 | 26,67 | 22,61 | 9,99 | 11,95 | 18,19 | 20,29 | |
Cashflow1,7 | 112,56 | 143,61 | 224,54 | 193,97 | 204,34 | 229,87 | 0,00 | |
Earnings per share8 | -0,06 | 0,52 | 0,51 | 0,25 | 0,37 | 0,66 | 0,80 | |
Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
INVESTOR-INFORMATION | ||||||
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TeamViewer | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
A2YN90 | DE000A2YN900 | SE | 1.569,10 Mio € | 25.09.2019 | 8FWFPM22+7H |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
10,03 | 28,17 | 0,36 | 31,94 | 18,76 | 6,83 | 2,50 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
0,00 | 0,00 | 0,00 | 0,00% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
28.05.2025 | 06.05.2025 | 29.07.2025 | 06.11.2024 | 20.03.2025 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
-22,25% | -22,68% | -34,35% | -34,10% | -64,84% |
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