Wiit, a €40 million injection to support its M&A strategy
Summary
Wiit secured a €40 million financing package from ING Bank Italy to support its expansion strategy. The loan is split into a medium-term term loan and a short-term revolving credit facility. Management says the new capital will accelerate external growth, including acquisitions and possible sale-and-leaseback transactions on data centers. The company also expects its recent Broadcom partner status to broaden its M&A opportunities in Germany, Switzerland, and France.
Funding
Amount
$43.2M
Total raised
Date
June 10, 2026
Announcement date
Investors
-
Lead investors
Company
wiit.it
Funded company
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