Motor Oil acquires 50% stake in Nova ICT for 60.5 million euros

6 sourcesFirst reported 1 day agoUpdated 14 hours ago

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IREON Technologies, a subsidiary of Motor Oil, has acquired a 50% stake in Nova ICT for 60.5 million euros.
The deal allows Motor Oil to gain full ownership of the digital solutions provider, with the total valuation of Nova ICT estimated at 121 million euros.
Nova, which is part of United Group and BC Partners, has announced its strategy behind the sale of its stake in Nova ICT.
The transaction was completed on July 21, 2026, as Motor Oil aims to integrate Nova ICT into its operations.
IREON Technologies plans to potentially sell a portion of its stake in Nova ICT to strategic investors in the current fiscal year.

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