BMIT finalises acquisition of 51% stake in 56Bit Limited

BMIT Technologies today announced it has finalised the acquisition of a 51% stake in 56Bit Limited, with the option to increase its shareholding over the next five years, subject to the company’s performance.

This strategic move strengthens BMIT Group's position as Malta’s leading provider of hybrid IT and cloud services and significantly enhances it's cloud portfolio - particularly in AWS technologies.

Through this investment, BMIT Group is gaining access to deep AWS expertise, specialised skills, and proven delivery capabilities. It also accelerates the Group's ability to provide vendor-agnostic, tailored cloud solutions - from migration to optimisation and managed services - and reinforces the commitment to delivering high-quality, secure, and scalable cloud solutions across multi-cloud environments.

BMIT Technologies today reported record financial results for 2024, marking a year of strong performance and continued progress on its transformation strategy. The company posted €33.6 million in revenue, up 17.2% year-on-year, while EBITDA rose 26.7% to €12.7 million. The board has approved a net dividend of €4 million, or €0.0189 per share, with a […]

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BMIT finalises acquisition of 51% stake in 56Bit Limited

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