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Announced

Completed

Providence-backed Imaweb completed the acquisition of Evolutive.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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automotive software

Private

software solutions

Majority

Friendly

Private Equity

Belgium

Software

Cross Border

Acquisition

Single Bidder

Completed

Synopsis

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Private equity firm Providence Strategic Growth-backed Imaweb, a CRM services provider completed the acquisition of Evolutive, an automotive software solutions provider. Financial terms were not disclosed. “We are very proud to welcome Evolutive to Imaweb, and elevate our relationship from partners to team members. We have always valued Evolutive’s expertise and sales force. We see significant growth potential in Belgium and Benelux, which are important markets for Imaweb as we continue our strategy of European expansion,” Patrick Prajs, Imaweb CEO.

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