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Announced

Main Capital Partners-backed TimePlan Group completed the acquisition of TimeMap.

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

Friendly

Denmark

software development

SaaS workforce management

software-as-a-service

Software

Acquisition

Majority

Cross Border

Private Equity

Completed

Single Bidder

Synopsis

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Main Capital Partners-backed TimePlan Group, a web-based Workforce Management platform, completed the acquisition of TimeMap, a Danish software company. Financial terms were not disclosed. "I am happy to announce that TimeMap is joining forces with TimePlan, and excited about the opportunities that this partnership represents for our employees and customers going forward. Together, we are well equipped to support our customers in complying with the recent ruling from the European Court on the New Time Registration Act," Thomas Dunk, TimeMap Founder and CEO.

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