IT service provider Datagroup SE, listed in Frankfurt, announced that KKR Group has increased its potential acquisition offer to a maximum of 58 euros ($65.84) per share. Under the revised terms, if the acquirer secures at least 80% of the outstanding shares, the offer will rise to 56.50 euros per share. If the stake reaches 90%, the final offer will be determined at 58 euros per share. If neither condition is met, the original offer of 54 euros per share remains unchanged. The offer acceptance period ends on June 6, 2025.
KKR has explicitly ruled out the possibility of further price increases in the revised terms. Upon completion of the acquisition, Datagroup will be delisted from the stock exchange, with the transaction expected to settle in the third quarter of 2025.
Datagroup employs approximately 3,700 people across Germany. According to its forecast disclosed in March, the company's revenue is expected to grow to between 545 million and 565 million euros in 2024. KKR's previous all-cash offer of 54 euros per share valued Datagroup at approximately 450 million euros.
