M&A Deal Summary

Basware Acquires TAG Services Pty

On July 1, 2009, Basware acquired information technology company TAG Services Pty for 2M AUD

Acquisition Highlights
  • This is Basware’s 1st transaction in the Information Technology sector.
  • This is Basware’s 4th largest (disclosed) transaction.
  • This is Basware’s 1st transaction in Australia.

M&A Deal Summary

Date 2009-07-01
Target TAG Services Pty
Sector Information Technology
Buyer(s) Basware
Deal Type Add-on Acquisition
Deal Value 2M AUD

Target

TAG Services Pty

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

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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 3 of 9
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 7
Country (Australia) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-05 Contempus AS

Oslo, Norway

Contempus AS is a provider in the development and implementation of electronic document management solutions and the operations are focused around its proprietary contempus software products.

Buy Nkr85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-17 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.

Buy €12M