M&A Deal Summary

Five Degrees Solutions Acquires Libra ehf

On July 26, 2018, Five Degrees Solutions acquired information technology company Libra ehf

Acquisition Highlights
  • This is Five Degrees Solutions’ 1st transaction in the Information Technology sector.
  • This is Five Degrees Solutions’ 1st transaction in Iceland.

M&A Deal Summary

Date 2018-07-26
Target Libra ehf
Sector Information Technology
Buyer(s) Five Degrees Solutions
Deal Type Add-on Acquisition

Target

Libra ehf

Kopavogur, Iceland
Libra ehf is a provider of core banking IT systems in the financial sector. Libra develops software solutions with a strong focus on loans and securities. Libra ehf was founded in 1996 and is based in Kopavogur, Iceland.

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Buyer(S) 1

Buyer

Five Degrees Solutions

Amsterdam, Netherlands

Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

Five Degrees Solutions is a digital banking platform to create banking as it should be. Five Degrees combine state-of-the-art technology and sound financial knowledge to create unique digital solutions for today’s banks and for people who like banking to be quick and easy. Five Degrees Solutions was founded in 2009 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Iceland M&A 1 of 1
Year: 2018 M&A 1 of 1