Virtualware completes Virtalis acquisition for EUR 5 million upfront
Bitget2026/09/28 12:29- Virtualware completed the acquisition of 100% of Manchester-based Virtalis Holding, expanding its virtual reality and real-time 3D visualization software footprint.
- Pro forma 2026 revenue rises to EUR 10 million from EUR 4.32 million, more than doubling the group’s scale.
- Consideration includes a fixed EUR 5 million payment at completion, with an additional variable component tied to Virtalis operating results in 2026-2027.
- Revenue generated outside Spain increases to 78% from 54%, with the UK becoming the largest market at 37.7% of pro forma revenue.
- Financing uses commercial debt via a syndicate backed by BBVA, IVF, Cofides, and Elkargi.
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