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New Deal


Announced

Completed

Basware completed the acquisition of Glantus Holdings for £29.5m.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.5x
EV/EBITDA-19.2x
Share Price Premium197%
One Off Charge-

Tags

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Ireland

data management software

Software

Acquisition

Cross Border

Majority

Friendly

Single Bidder

Public

Completed

Synopsis

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Basware, a provider of financial process automation and e-invoicing solutions for businesses, completed the acquisition of Glantus Holdings, a data technology company specializing in innovative solutions for data management, analytics, and automation, for £29.5m. "This acquisition marks a significant milestone for Basware and Glantus. Glantus has a very strong track record of delivering ROI and we share a mutual mission to drive value for the CFO's team. This deal will only accelerate our ability to deliver demonstrable savings and innovation to our customers through a joint value proposition. This move signifies further investment activity to come for Basware, solidifying our position as the leader in the AP automation industry," Jason Kurtz, Basware CEO.

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