KKR-backed Exact to acquire a 71% stake in weclapp from 3U Holding for $226m.

KKR-backed Exact, a provider of business and accounting software, agreed to acquire a 71% stake in weclapp, a provider of cloud enterprise resource planning software, from 3U Holding, a publicly traded management and holding company, for $226m. “weclapp’s team has built a remarkable business that has grown impressively over the years, recognised by multiple industry awards. Combining weclapp’s leading product, strong local knowledge and network with the expertise in cloud-based solutions that Exact has developed over almost four decades, creates a highly compelling proposition across Benelux and DACH for businesses looking to move to cloud software. We’re delighted to be working with Ertan and his team," Paul Ramakers, Exact CEO.