Covit S.L.
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Covit S.L. - overview
Established
1977
Location
-, -, Spain
Primary Industry
Packaging
About
Covit S. L. is a Spanish company focused on providing innovative solutions that enhance operational efficiency across various sectors, including healthcare, finance, and retail through advanced technologies and data analytics. Founded in 1977 in Spain, Covit S.
L. specializes in developing technological solutions to improve client services and operational effectiveness. In 2018, the company was acquired by Albéa Services S. A.
S. , a subsidiary of PAI Partners, with undisclosed financial terms. The firm has participated in 2 deals, with the most recent occurring on February 28, 2018. Covit S.
L. offers a range of innovative solutions designed to meet critical needs in its targeted markets. Their core product suite includes advanced technologies that optimize supply chain logistics, enhance customer engagement, and deliver actionable insights through data analytics. These solutions serve diverse sectors, such as healthcare, finance, and retail, with a significant customer base in North America, Europe, and parts of Asia, enabling clients to streamline operations and achieve measurable results.
In 2023, Covit S. L. generated a revenue of USD 33. 42 mn with an EBITDA of USD 2.
62 mn. Revenue is derived from subscription-based models, which foster ongoing client engagement through tailored support and flagship services for enterprise clients, promoting long-term relationships and continuous value delivery. Covit S. L.
aims to further enhance its product offerings by developing new technologies set to launch in the coming years. The company has strategic plans to expand into emerging markets in Asia and South America by 2025, reinforcing its global presence. Recent funding from the acquisition will likely be utilized to support these initiatives and facilitate growth in targeted regions.
Current Investors
PAI Partners, Tpi Albea Services Sasu
Primary Industry
Packaging
Sub Industries
Packaging
Website
www.covit.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Covit S.L. - timeline of key events
Covit S.L. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 14,320,133 | 18,022,802 | 19,737,345 | 19,243,319 | 19,010,174 | 14,314,011 | 19,543,965 | - | - | - |
| % Revenue Growth (YoY) | - | 25.9% | 9.5% | (2.5%) | (1.2%) | (24.7%) | 36.5% | - | - | - |
| EBITDA (USD) | 558,729 | 2,071,981 | 3,003,007 | 454,308 | 849,537 | (1,339,412) | 1,293,718 | - | - | - |
| Operating Income (USD) | (398,271) | 1,164,127 | 2,110,812 | (469,554) | (134,217) | (2,426,262) | 254,964 | - | - | - |
| Operating Margin | (2.8%) | 6.5% | 10.7% | (2.4%) | (0.7%) | (17.0%) | 1.3% | - | - | - |
| % EBITDA Margin | 3.9% | 11.5% | 15.2% | 2.4% | 4.5% | (9.4%) | 6.6% | - | - | - |
| NET Income (USD) | (459,349) | 729,882 | 1,460,424 | (472,206) | (119,324) | (1,963,157) | 146,774 | - | - | - |
| % Net Margin | (3.2%) | 4.0% | 7.4% | (2.5%) | (0.6%) | (13.7%) | 0.8% | - | - | - |
Covit S.L. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Covit S.L. | - | ||||||||
| Buyout | Completed | Covit S.L. | - |
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Covit S.L. - employee data
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