Byggfakta Group completed the acquisition of a 74% stake in 4CastGroup.

Byggfakta Group, a business technology provider, completed the acquisition of a 74% stake in 4CastGroup, an analysis and forecasting provider. Financial terms were not disclosed. “Byggfakta has long had its eye on Prognosesenteret and I am extremely pleased that we can now start our shared journey. The company is a good fit with the Byggfakta Group and strengthens our business intelligence (BI) offering to the construction sector. Our existing business data offerings and software solutions are complemented and strengthened by leveraging a BI offering based on Prognosesenteret’s well-established market position and heavy expertise in statistical analysis. The combined offerings are expected to generate revenue synergies in parallel with enabling cost synergies through Byggfakta’s data, research organisation and Group functions. Moreover, integration with Finnish Forecon means we will create the leading Nordic player in BI for the construction sector with good prospects in the next phase for establishing the offering in more countries within Byggfakta’s ever-growing global network,” Dario Aganovic, Byggfakta Group CEO.