BMIT’s stake in MPC ‘strengthens Malta’s digital backbone,’ says CEO

BMIT Technologies’ successful acquisition of a 49 per cent stake in Malta Properties Company plc (MPC) has been hailed as a “strategic step forward” by BMIT CEO Ing. Christian Sammut.

“It aligns with our vision, enhances our financial profile, and positions BMIT for sustainable growth in a rapidly evolving digital landscape,” he said.

Malta Properties Company is a leading owner and operator of infrastructure assets in Malta. The transaction gives BMIT indirect ownership to a number of sites which host data centres, telecom exchanges, and technology-enabled commercial properties. These assets are leased under long-term contracts to anchor tenants.

BMIT Technologies is a leading digital infrastructure and managed IT services provider, specialising in hybrid IT solutions, cyber resilience, and mission-critical operations. The company serves enterprise clients across multiple sectors through certified data centres and secure connectivity infrastructure.

Ing. Sammut said the investment is “a pivotal step in our strategy to accelerate Malta’s digital infrastructure and reflects our ambition to build a future-ready business that is resilient and diversified, capable of delivering both leading IT solutions and critical digital infrastructure.

“BMIT, through its investment in MPC, is strengthening the backbone that supports the country’s connectivity, cloud, as well as the delivery of digital and telecom services. Our focus is on enabling businesses to innovate and grow, underpinned by reliable, secure, and scalable infrastructure.”

Alexia Muscat, CFO of BMIT Technologies plc, added: “This transaction delivers immediate strategic benefits for BMIT and its stakeholders.

“MPC’s strong financial performance, with €5.6 million in rental income and €2.5 million in net profit for 2024, demonstrates the quality of the assets we are acquiring. The addition of these sites diversifies our income streams and enhances our ability to deliver long-term value to shareholders.”

The acquisition is expected to strengthen BMIT’s market position and operational resilience by diversifying income sources and securing long-term commitments,

The company said the transaction “enhances BMIT’s ability to deliver advanced digital services, supporting the evolving needs of businesses and the wider economy.”