M&A Deal Summary

Eleco Acquires Integrated Computing & Office Networking

On October 17, 2016, Eleco acquired software company Integrated Computing & Office Networking for 2M GBP

Acquisition Highlights
  • This is Eleco’s 3rd transaction in the Software sector.
  • This is Eleco’s largest (disclosed) transaction.
  • This is Eleco’s 1st transaction in Trinidad and Tobago.

M&A Deal Summary

Date 2016-10-17
Target Integrated Computing & Office Networking
Sector Software
Buyer(s) Eleco
Deal Type Add-on Acquisition
Deal Value 2M GBP

Target

Integrated Computing & Office Networking

Whiteman Lane Curepe, Trinidad and Tobago
ICON is a Software as a Service ("SaaS") provider of building information and related data management and storage systems, principally to the UK retail sector. ICON is a profitable software business with a high profile blue-chip customer base which includes seven of the top ten UK retailers, namely, ASDA, Boots, the Central England Co-operative, John Lewis, Morrisons, Sainsbury's and Waitrose.

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Buyer(S) 1

Buyer

Eleco

London, United Kingdom

Category Company
Founded 1895
Sector Software
Employees298
Revenue 32M GBP (2024)
DESCRIPTION

Eleco is a specialist international provider of software and related services to the architectural, engineering, construction and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Eleco's market-leading software solutions are developed by teams in the United Kingdom, Sweden, and Germany; and its software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud-based digital marketing solutions. Eleco was founded in 1895 and is based in London, England.


DEAL STATS #
Overall 3 of 4
Sector: Software M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Trinidad and Tobago M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 Consultec Arkitekter & Konstruktörer AB

Bjuv, Sweden

Consultec Arkitekter & Konstruktörer AB is a provider of consultancy services and involved in architecture of all sizes from urban planning, buildings, interior design and furnishing. Company plan offices, homes, schools, hotels, restaurants, commercial and industrial premises, museums, community centres, bridges, etc.

Sell kr11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-05 Shire Systems

Hampshire, United Kingdom

Shire Systems Ltd. is a provider of computerised maintenance management software (CMMS). Shire Systems Ltd. is based in Hampshire, United Kingdom.

Buy £5M