Kyivstar Group Signs Agreement to Acquire GigaCloud, Expanding Enterprise Cloud Capabilities
Kyivstar Group (Nasdaq: KYIV) agreed to acquire GigaCloud, a leading Ukrainian cloud infrastructure provider, in a transaction valued at up to USD 50 million. GigaCloud generated roughly USD 14 million in revenue and USD 4.7 million in EBITDA in 2025 (about 34% margin) from more than 1,800 enterprise customers, and the deal is expected to be immediately accretive to Kyivstar's earnings and cash flow. The consideration comprises USD 41 million up front plus deferred debt, performance-linked amounts and capex reimbursement; about USD 5 million is tied to milestones. Post-close, GigaCloud will operate as a separate business unit retaining its brand and management.
Key figures
- Deal Value Usd
- up to USD 50 million
- Deferred debt
- up to USD 4 million
- Acquisition price
- USD 41 million
- Target ebitda 2025
- USD 4.7 million
- Capex reimbursement
- up to USD 2 million
- Target revenue 2025
- USD 14 million
- Target ebitda margin
- approximately 34%
- Performance consideration
- approximately USD 3 million
- Target enterprise customers
- 1800
- Milestone linked consideration
- approximately USD 5 million
AI analysis
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