AcquisitionsOct 28, 2026, 09:01 AM
Kyivstar Group Acquires GigaCloud for Up to $50 Million
AI Summary
Kyivstar Group Ltd. announced the acquisition of GigaCloud, a leading Ukrainian cloud infrastructure provider, for up to USD 50 million. This strategic move integrates GigaCloud's enterprise cloud expertise with Kyivstar's connectivity and customer reach, aiming to accelerate digital transformation for businesses and public institutions. The acquisition is expected to be immediately accretive to Kyivstar's earnings and cash flow, strengthening its position in sovereign cloud infrastructure and AI-enabled services. GigaCloud, founded in 2016, serves over 1,800 enterprise customers and reported approximately USD 14 million in revenue and USD 4.7 million in EBITDA in 2025.
Key Highlights
- Kyivstar Group to acquire GigaCloud for up to USD 50 million.
- Transaction expands Kyivstar's enterprise technology offering with cloud capabilities.
- GigaCloud generated approximately USD 14 million in revenue and USD 4.7 million in EBITDA in 2025.
- Acquisition is expected to be immediately accretive to Kyivstar's earnings and cash flow.
- USD 5 million of the total consideration is linked to future performance and capital investment milestones.
- Transaction comprises USD 41 million acquisition price, up to USD 4 million deferred debt, approx. USD 3 million performance consideration, and up to USD 2 million capex reimbursement.
Price Impact
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