Financial Information

• Enterprise Value: $36M (and a possible earnout payment should certain post-closing financial conditions be met)

Transaction Details

• Celestica has entered into a definitive agreement to acquire NCS Global, a US-based IT infrastructure and asset management business.
• The transaction is expected to close in May 2023 or earlier, subject to satisfaction of customary closing conditions.

martinwolf Analysis

• Expanding Capabilities: The acquisition of NCS Global will expand Celestica’s service offerings with ITAD capabilities, including asset recovery, data destruction and lifecycle management.
• Global Partner Network: Celestica will be able to leverage NCS Global’s certified partner network, reaching over 29 countries, which now includes Sturgeon Technologies after NCS Global acquired them in December of 2023.
• Focus on M&A: Celestica has had a successful history of acquiring and integrating companies over time and is now targeting a fast-growing ITAD industry worth over $9B. NCS Global marks the first acquisition in this fragmented space.
• Resilient Stock Performance: Celestica looks to capitalize on its stellar stock performance over the past year (260%+) and YTD (50%+) as they will be able to offer ITAD services to their already existing blue-chip client base.
• Strong Cultural Alignment: During the course of this transaction, both Celestica and NCS Global company cultures align well and both parties feel that integration will be efficient and successful.

martinwolf was the advisor to Celestica in this transaction.