BasicNet has agreed to acquire Sundek and its owner Kickoff S.p.A. for an initial consideration of about €10 million (~$10.9 mn), paid entirely in treasury shares, with potential earn-outs of up to €10 million tied to revenue targets through 2030.
The deal adds a historic beachwear brand to BasicNet’s portfolio.
Kickoff posted €27.6 million revenue in 2024.
Closing is expected by December.BasicNet has agreed to acquire Sundek and its owner Kickoff S.p.A. for an initial consideration of about €10 million (~$10.9 mn), paid entirely in treasury shares, with potential earn-outs of up to €10 million tied to revenue targets through 2030.
The deal adds a historic beachwear brand to BasicNet’s portfolio.
Kickoff posted €27.6 million revenue in 2024.
Closing is expected by December.
