EQT, a leading investment firm, has signed an agreement to acquire Melita Ltd. from Apax Partners and Fortino Capital.
EQT is a leading investment firm with more than €61 billion in raised capital across 29 funds and around €40 billion in assets under management.
This firm has stated that it intends to support Melita’s growth by further upgrading its fixed and mobile networks and opening an additional data centre location on Malta. It will also support Melita’s internationalisation strategy including its expansion in Italy as well as its innovative IoT connectivity proposition. Melita will continue to operate under the leadership of CEO Harald Rösch.
Melita Ltd. And EQT have agreed to not disclose the sum of the transaction.
Thomas de Villeneuve, partner at Apax Partners, said that “under the leadership of Harald, Melita has heavily invested in its network and its digital transformation to become a world class operator”.