Passman: Passman takes over Belgian publisher Taktik

Under the control of LBO France for two years, Passman announces a new build-up. The provider of Wi Fi solutions and connected services has acquired Taktik, a Belgian publisher specializing in connected TV (IPTV platform) and digital signage. Designer of his own solutions, the latter equips institutions and companies in many sectors (health, tourism, education, sport), for a turnover of nearly € 7 million. Passman finances this acquisition through an exchange of securities, accompanied by the payment of a cash payment. He also took out a bond loan of around € 8 million from Andera Acto. Passman is also mobilizing this envelope to become the sole shareholder of Screen Services - since 2018, he already owned 80% of this Belgian distributor. To date, it equips 7,000 establishments (hotels, health, retail) in 72 countries. For 2021, LBO France's participation targets € 40 million in pro forma turnover - versus € 22 million pre-acquisition.