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  5. Digpro Acquires Evado

M&A Deal Summary

Digpro Acquires Evado

On May 17, 2024, Digpro acquired internet software and services company Evado from Partnerinvest Övre Norrland AB

Acquisition Highlights
  • This is Digpro’s 1st transaction in the Internet Software and Services sector.
  • This is Digpro’s 1st transaction in Sweden.

M&A Deal Summary
Date 2024-05-17
Target Evado
Sector Internet Software and Services
Buyer(s) Digpro
Sellers(s) Partnerinvest Övre Norrland AB
Deal Type Add-on Acquisition

Target

Evado

Lulea, Sweden
Evado provides mobile solutions to simplify and streamline marketing and communication internally and externally in companies and organizations. The company develops mobile APP s for the iPhone, Android and Windows Phone. Evado has developed Evado APP platform mobile services called apps. Evado was founded in 2001 and is based in Lulea, Sweden.

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Buyer(S) 1

Buyer

Digpro

Stockholm, Sweden
Category Company
Founded 1989
Sector Information Technology
Employees130
Revenue 100M SEK (2016)
DESCRIPTION

Digpro is a provider of geographic information systems to network companies and municipalities. Digpro offers a fully proprietary system for its customers, which enables detailed network documentation and support for critical internal processes. The company has more than 130 customers with the majority based in its home market in Sweden. The company has a growing international presence, with customers in Norway, Finland, Poland and Turkey. Digpro was founded in 1989 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Partnerinvest Övre Norrland AB

Investor

Category Growth Capital Firm
Founded 2010
PE ASSETS 364M SEK
Size Small
Type Sector Agnostic
DESCRIPTION

Partnerinvest Övre Norrland AB is a growth capital firm focused on opportunities in Sweden. The Firm does not have any sector preferences and seeks to partner with management teams to scale and build companies. Partnerinvest Övre Norrland AB was established in 2010 and is headquartered in Luleå, Sweden.

DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Sweden M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 ProAnt

Umeå, Sweden

ProAnt is a Swedish antenna company involved in the development, production, and sales of antennas based on patents and patent-pending technology. The company offers customized, embedded, and external antennas for M2M applications. ProAnt was founded in 2005 and is based in Umeå, Sweden.

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