eMudhra Limited — JV/Acquisition, 27-06-2025: Acquisition

eMudhra has announced a board meeting on the acquisition of a 51% controlling stake in Cryptas International GmbH, a leading European digital trust and cybersecurity firm headquartered in Austria. The deal is valued at an initial cash payment of €5 million plus an earn-out based on a 10x EBITDA multiple for 2026. Cryptas and its subsidiaries operate across Austria, Germany, Sweden, and the Netherlands, with consolidated revenue of about ₹97 Cr in 2024. This acquisition significantly boosts eMudhra’s European presence, expanding its product suite with qualified trust services and strengthening its position in regulated digital identity markets.