BMIT Technologies, a leading data centre, cloud, managed services and cybersecurity firm listed on the Malta Stock Exchange (MSE), has announced that it has signed a share purchase agreement for the acquisition of a 51 per cent stake in 56Bit.
56Bit is a Maltese cloud infrastructure consultancy led by Co-Founders Patrick Camilleri and Stefan Caruana. It specialises in architecting, deploying, and managing cloud-native architectures, offering expertise in cloud solutions to support business needs.
The company is recognised as an AWS Advanced Partner.
Its clients include iGaming firms but also media, aviation, logistics and retail companies.
In a company update posted to the MSE, BMIT said that the conclusion of the transaction is dependent on a number of conditions precedent being satisfied and therefore may or may not conclude.
“Further announcements will be made as and when necessary.”
In a statement issued after the corporate announcement, BMIT said that 56Bit will continue operating independently, ensuring that its established operational agility and deep technical expertise in AWS solutions remain dedicated to delivering bespoke cloud services, while simultaneously leveraging the strategic support and resources of the BMIT Group.
The acquisition marks a strategic move aimed at enhancing BMIT’s cloud service capabilities and strengthening its position as the leading provider of hybrid IT and cloud services in Malta. Through this acquisition, BMIT gains deep AWS expertise which complements its existing cloud services and expands its ability to provide vendor-agnostic and tailored cloud solutions.
BMIT will also benefit from access to specialised skills, certifications, and customer relationships, enabling the BMIT Group to offer tailored, high-quality AWS solutions. Additionally, it accelerates the Group’s ability to deliver AWS-focused cloud migration, optimisation, and managed services, while enhancing BMIT’s competitiveness in hybrid and multi-cloud environments.
“The provision of cloud services is at the heart of our business and over the past few years we have seen an ever-growing demand for these services. This investment not only boosts our Cloud expertise, particularly on AWS solutions, but also reinforces our ability to be truly vendor-agnostic, delivering solutions are that are as unique as our clients,” Ing. Christian Sammut, CEO of BMIT, said.
“Our vision has always been to set the benchmark in hybrid IT and cloud services and stand out as a forward-thinking provider always ready to adapt and innovate. This investment helps us achieve that goal,” Ing. Sammut added.
56Bit CEO Patrick Camilleri said: “56Bit has always been dedicated to delivering the most cost-effective, stable, resilient and future-proof cloud infrastructure solutions possible to our clients. Thanks to this investment we can now broaden our reach and contribute to one of the most comprehensive cloud service offerings in Malta and beyond. Together with BMIT, we are well positioned to help clients navigate their transformation journeys with flexibility and confidence.”
BMIT has been diversifying its strategy from a pure data centre outfit in recent years after acknowledging that the adoption of cloud services was eating into its profit margin.
In late 2023, it acquired the cellular tower network of telecoms provider GO – its majority shareholder – in a bid to position itself as “Malta’s InfraCo” (Infrastructure Company).
The deal, said Chairman Nikhil Patell (who also serves as CEO of GO), would “ensure stable revenues and margins for BMIT in the foreseeable future.”
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