Teamviewer Bolsters IT Services with 1E Acquisition

Teamviewer, a leading German software company, has announced its acquisition of London-based IT firm 1E in a deal valued at $720 million. This strategic move is expected to enhance Teamviewer's capabilities in IT solutions and support.

The acquisition, signed with Carlyle Europe Technology Partners, part of Carlyle, is anticipated to close early in the next year. Following the announcement, Teamviewer's shares experienced a 5% dip in pre-market trading, reflecting investor sentiment on the deal.

Oliver Steil, Teamviewer's CEO, highlighted the financial projections of the acquisition during a press call. He expects the transaction to contribute 10 million euros in 2026, escalating to 25 million euros by the subsequent year. This growth is attributed to 1E's innovative products that detect and resolve IT issues, serving notable clients such as Adidas and AT&T.