Announced
Financials
Sources
Tags
Pending
Friendly
Sweden
Single Bidder
Acquisition
Software
Majority
application software
Cross Border
Public
Synopsis
Aareon, a firm providing business consulting services on a contract or fee basis, agreed to acquire a 93% stake in Momentum Software, a provider of web-based software, for $176m. "The acquisition of Momentum is another milestone in Aareon's international growth strategy. Momentum has a strong SaaS property management software that complements our digital ecosystem Aareon Smart World. The acquisition also supports our ambition of becoming a SaaS company with a growing share of recurring revenue. Together with Momentum, we will be a strong partner for the property industry in Sweden, Norway and Finland," Harry Thomsen, Aareon CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.