M&A Deal Summary

Eleco Acquires Shire Systems

On July 5, 2018, Eleco acquired software company Shire Systems for 5M GBP

Acquisition Highlights
  • This is Eleco’s 4th transaction in the Software sector.
  • This is Eleco’s 0th largest (disclosed) transaction.
  • This is Eleco’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-07-05
Target Shire Systems
Sector Software
Buyer(s) Eleco
Deal Type Add-on Acquisition
Deal Value 5M GBP

Target

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.

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Buyer(S) 1

Buyer

Eleco

London, United Kingdom

Category Company
Founded 1895
Sector Software
Employees273
Revenue 28M GBP (2023)
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 incorporated in 1895 and is based in London, United Kingdom.


DEAL STATS #
Overall 4 of 4
Sector (Software) 4 of 4
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 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.

Buy £2M