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Announced

Completed

zvoove Group completed the acquisition of Fortytools.

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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Private

Software

Single Bidder

Friendly

Germany

Majority

software company

Completed

Acquisition

Domestic

Synopsis

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zvoove Group, a provider of digitalization solutions, completed the acquisition of Fortytools, a management software that enables clients to easily prepare offer documents. Financial terms were not disclosed. "As market experts, we often hear from smaller cleaning service providers that they are interested in a sleek solution that can be quickly implemented. We are very pleased that the acquisition of Fortytools will enable us to provide an easy-to-use and intuitive ERP-SaaS solution to these businesses. Fortytools is the perfect addition to our existing product portfolio," Oliver Muhr, zvoove Group CEO.

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