BMIT Technologies plc has officially announced the acquisition of a 51 per cent shareholding in 56Bit Limited.
The acquisition, concluded following the initial announcement in March 2025, provides BMIT with the option to increase its shareholding over the next five years, subject to the achievement of specific performance milestones agreed between the two parties. “Should such targets be met, BMIT may choose to exercise its option to increase its shareholding in line with those pre-agreed terms,” the company confirmed to WhosWho.mt.
While BMIT has secured a majority stake, 56Bit will continue to operate as an independent and autonomous company, maintaining its own management team and leadership. BMIT’s involvement will primarily take place at board level, ensuring strategic alignment while preserving operational independence. “This approach ensures continuity for 56Bit while enabling alignment on strategic priorities. In parallel, both companies will begin working more closely together to explore synergies and joint opportunities,” BMIT explained.
“At a Group level, this acquisition creates valuable synergies,” BMIT noted. “It builds on BMIT’s foundation of expertise, experience, and excellence – qualities we share with the 56Bit team. Over the coming months, we will be working closely with the 56Bit team to capitalise on our joint strengths and provide increased value to customers,” it concluded.
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Nicole Zammit
When she’s not writing articles at work or poetry at home, you’ll find her taking long walks in the countryside, pumping iron at the gym, caring for her farm animals, or spending quality time with family and friends. In short, she’s always on the go, drawing inspiration from the little things around her, and constantly striving to make the ordinary extraordinary.
