ALSO Becomes Europe's Largest Technology Provider

ALSO Holding AG, based in Emmen, Switzerland, has become Europe's largest technology provider following a swift merger completion with Westcoast. As of March 1, 2025, their consolidated financials show a revenue exceeding €15 billion. The purchase, valued at an EBITDA multiple of approximately 6, was partially paid with ALSO shares acquired at CHF 172, now valued at CHF 276.

The acquisition strengthens ALSO's position as a leading indirect cloud provider in EMEA. Strategic growth areas include expanding their UK customer base, boosting cloud user engagement, and integrating European operations. Plans focus on enhancing digital platforms like IoT and AI. Initiatives will be guided by a balanced steering committee prioritizing profitability.

Joe Hemani, a significant stakeholder in ALSO, will maintain industry involvement through various business interests. The transaction was funded through internal reserves, safeguarding financial stability for future expansion.