Looks like typical M&A activity for Ilkka. In my calculations, 12 million euros turned into zero. A common thread among all of Ilkka’s digital kiosk acquisitions is that the target company’s profitability is weak, growth stalls after the deal, and they overpay relative to the aforementioned factors.
Let’s wait and see if history repeats itself with Custobar. Congratulations to Custobar’s owners, you certainly made an excellent deal!