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M&A Deal Summary

Asolvi Acquires Binary Soluciones

On April 17, 2023, Asolvi acquired software company Binary Soluciones

Acquisition Highlights
  • This is Asolvi’s 1st transaction in the Software sector.
  • This is Asolvi’s 1st transaction in Spain.

M&A Deal Summary
Date 2023-04-17
Target Binary Soluciones
Sector Software
Buyer(s) Asolvi
Deal Type Add-on Acquisition

Target

Binary Soluciones

Madrid, Spain
Binary Soluciones is a software company specializing in solutions for the field service and maintenance industries with a special focus on customers in the alarm, fire and security industry. Binary Soluciones was founded in 1997 and is based in

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Buyer(S) 1

Buyer

Asolvi

Trondheim, Norway
Category Company
Founded 1991
Sector Software
DESCRIPTION

Asolvi is a provider of service management software for small and medium-sized enterprises (SMEs) in a range of field service industries including printing and copying; alarm, fire and security; and vending machines. Asolvi was founded in 1991 and is based in Trondheim, Norway.

DEAL STATS #
Overall 1 of 3
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Spain M&A 1 of 1
Year: 2023 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Dr. Herwig

Erfurt, Germany

Dr. Herwig is a provider of field service management (FSM) software for the utilities sector in Germany. Its cloud-native product streamlines the roll-out, replacement, and maintenance of traditional and smart metering devices for gas, electricity, and water, and digitizes the end-to-end operations of local gas market area conversion projects. Dr. Herwig was formed in 1991 and is based in Erfurt, Germany.

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