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Announced

Completed

Hg-backed F24 Nordics completed the acquisition of Blue Idea from Vækstpartner Kapital.

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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saas

Software

Acquisition

Majority

Completed

Friendly

Denmark

Cross Border

Private

Private Equity

Single Bidder

Synopsis

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Hg-backed F24 Nordics, a software-as-a-Service provider for business messaging, emergency notification as well as incident and crisis management in Europe, completed the acquisition of Blue Idea, a regional SaaS provider for service notification, from Vækstpartner Kapital, a a private equity fund. Financial terms were not disclosed. "We as F24 group continue our growth path consequently. Besides FramWeb, who joined in early 2023, Blue Idea is the next acquisition this year in the Nordics region. With this step F24 becomes a key player in Service Notification in the Nordics. Furthermore, this contributes significantly to establish F24 as leading comprehensive resilience provider in Europe and it shows again clearly our holistic approach in the area of resilience," Jörg Rahmer, F24 Spokesperson.

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