1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Germany >
  5. Basware Acquires First Businesspost

M&A Deal Summary

Basware Acquires First Businesspost

On January 17, 2012, Basware acquired software company First Businesspost for 12M EUR

Acquisition Highlights
  • This is Basware’s 3rd transaction in the Software sector.
  • This is Basware’s largest (disclosed) transaction.
  • This is Basware’s 1st transaction in Germany.

M&A Deal Summary
Date 2012-01-17
Target First Businesspost
Sector Software
Buyer(s) Basware
Deal Type Add-on Acquisition
Deal Value 12M EUR

Target

First Businesspost

Munich, Germany
First Businesspost GmbH is one of the fastest growing and most innovative e-Invoice networks in Germany. 1stbp has deep knowledge and experience in the automotive sector, and customers include Audi, BMW, Daimler, MAN and Volkswagen. In addition, 1stbp has many large retailers, for example Edeka, amongst its client list. 1stbp has major customers also in other industries like Deutsche Telekom and Union Invest across multiple European countries including Austria, Switzerland, Spain, Czech Republic, Slovakia, Hungary, Romania and Poland.

Search 205,905 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Basware

Espoo, Finland
Category Company
Founded 1985
Sector Internet Software and Services
DESCRIPTION

Basware Corp. is a provider of networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware was founded in 1985 and is based in Espoo, Finland.

DEAL STATS #
Overall 4 of 9
Sector (Software) 3 of 4
Type (Add-on Acquisition) 3 of 7
Country (Germany) 1 of 1
Year (2012) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 TAG Services Pty

Chatswood, Australia

TAG Services Pty Ltd. is an IT services company provides invoice solutions.

Buy AU$2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-05 Certipost - Network & E-Invoicing Business

Belgium

Certipost - Network & E-Invoicing Business is a provider of network and e-invoicing services that enable the electronic transmission of invoice data.

Buy -
Mergr

Product

Company

Legal