secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001104659-21-132717
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digi International acquires Ventus Holdings for $347.4M cash, largest acquisition in history
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- Purchase price of $347.4M cash; financed with $350M debt facility from BMO Harris.
- Ventus is a leader in Managed Network-as-a-Service; deal is just over 8x annualized recurring revenues.
- Deal expected to be accretive to non-GAAP adjusted EBITDA and adjusted EPS; mildly non-accretive on GAAP EPS in FY2023 due to interest.
- Steve Glaser (former COO of Ventus) becomes General Manager of Ventus under Digi.
- Digi will report Ventus' performance as part of its IoT Solutions segment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000110465921132717/0001104659-21-132717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000110465921132717/tm2131473d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-132717

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