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New Deal


Announced

PSG-backed Imaweb to acquire Stieger.

Financials

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Consideration TypeCash
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Tags

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Software

Acquisition

Pending

software solutions

Switzerland

Majority

Cross Border

Private

dealership software

Private Equity

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Synopsis

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Providence Strategic Growth-backed Imaweb, an independent developer and provider of automotive and dealership software solutions in Europe, agreed to acquire Stieger Software, a dealership software solutions provider in Switzerland and Austria. Financial terms were not disclosed. “We believe that the company’s innovative technology will bring an added edge to our existing offering to OEMs and dealerships across Europe,” Patrick Prajs, Imaweb CEO.

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