M&A Deal Summary

Addnode Group Acquires Service Works Group

On July 31, 2017, Addnode Group acquired software company Service Works Group for 132M SEK

Acquisition Highlights
  • This is Addnode Group’s 14th transaction in the Software sector.
  • This is Addnode Group’s largest (disclosed) transaction.
  • This is Addnode Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2017-07-31
Target Service Works Group
Sector Software
Buyer(s) Addnode Group
Deal Type Add-on Acquisition
Deal Value 132M SEK

Target

Service Works Group

London, United Kingdom
Service Works Group Ltd. is an international provider of Facilities, Property and Workplace Management software. SWG designs, develops, implements and supports its own software for over 1,000 customer sites across the globe. Its two applications are QFM – designed for the traditional facilities management (FM) market and P3rform, to manage the performance of operation and maintenance (O & M) Public Private Partnership (PPP) contracts. The company with 71 employees was founded in London and has operations in the UK, Australia, Canada and the Gulf states.

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Buyer(S) 1

Buyer

Addnode Group

Stockholm, Sweden
Category Company
Founded 1987
Sector Engineering
Employees2,664
Revenue 7.4B SEK (2023)
DESCRIPTION

Addnode Group provides design, engineering, and product lifecycle management solutions primarily in the Nordic Region. Addnode Group was founded in 1987 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 43 of 48
Sector (Software) 14 of 18
Type (Add-on Acquisition) 41 of 46
Country (United Kingdom) 1 of 3
Year (2017) 4 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Forsler & Stjerna Konsult AB

Malmö, Sweden

Forsler & Stjerna has 27 years of experience in software development in public transport. The company has, among other things, developed the REBUS planning system, which today is used by Sweden's 21 regional public transport companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Intrinsys

Milton Keynes, United Kingdom

Intrinsys Ltd. is a UK based provider of PLM software and services with operations in South Africa. Intrinsys is a partner to Dassault Systèmes and UKs largest provider of PLM software and support services. The company delivers projects to companies in the Automotive, Aerospace, Formula 1, Marine, Oil/Gas and Industrial Equipment sectors. Intrinsys with 60 employees has its head office in Milton Keynes, England and operations in South Africa.

Buy kr119M
Mergr

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