BMIT Finalises Major 49% Stake Acquisition In Malta Properties Company
BMIT Technologies has officially completed its acquisition of a 49% equity stake in Malta Properties Company plc (MPC), a major move that strengthens its position as one of Malta’s leading players in digital infrastructure and IT services.
The deal, which was approved by an overwhelming majority of shareholders at an Extraordinary General Meeting last month, gives BMIT indirect ownership of several key sites that house data centres, telecom exchanges, and tech-enabled commercial properties, all leased under long-term contracts to major tenants.
BMIT CEO Ing. Christian Sammut described the acquisition as a “strategic leap forward” for the company.
“This investment aligns with our vision and positions BMIT for sustainable growth in a rapidly evolving digital landscape,” Sammut said.
“Through our investment in MPC, we’re strengthening the backbone that supports Malta’s connectivity, cloud services, and digital infrastructure.”
BMIT CFO Alexia Muscat added that the deal brings immediate strategic benefits, pointing to MPC’s €5.6 million in rental income and €2.5 million in net profit for 2024 as proof of the company’s solid performance.
“These assets diversify our income streams and enhance our ability to deliver long-term value to shareholders,” she said.
The acquisition is expected to make BMIT even more resilient and diversified, allowing it to support Malta’s growing digital economy and adapt to the fast pace of technological change.
With this move, BMIT strengthens its role as a key player in Malta’s digital future, combining innovation, infrastructure, and investment to drive the country’s next wave of tech growth.
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