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M&A Deal Summary

Forterro Acquires Targit

On June 26, 2025, Forterro acquired software company Targit from GRO Capital

Acquisition Highlights
  • This is Forterro’s 6th transaction in the Software sector.
  • This is Forterro’s 1st transaction in Denmark.

M&A Deal Summary
Date 2025-06-26
Target Targit
Sector Software
Buyer(s) Forterro
Sellers(s) GRO Capital
Deal Type Add-on Acquisition

Target

Targit

Aalborg, Denmark
Targit is a business intelligence software provider for the SME segment. The company is the maker of the TARGIT Decision Suite, the business intelligence and analytics solution for all business users. With an emphasis on people, it is our mission to transform entire organizations by revealing actionable insights for every user to make better and faster decisions. Targit is based in Aalborg, Denmark.

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Buyer(S) 1

Buyer

Forterro

London, United Kingdom
Category Company
Founded 2012
Sector Software
DESCRIPTION

Forterro is a group of companies that deliver ERP software to SMEs in specialized geographical or vertical markets. Forterro operates business units in Sweden, Switzerland and France, as well as regional office locations and research and development centers around the world. Forterro was founded in 2012 and is headquartered in London, England.

DEAL STATS #
Overall 6 of 6
Sector: Software M&A 6 of 6
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Denmark M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Abas Software AG

Sterling, Virginia, United States

Abas Software AG provides a complete ERP portfolio to 4,000 mid-market manufacturing and distribution businesses around the world. Abas has helped production-related companies around the world create change and profit from digital transformation with advanced ERP software, smart business process consulting, and the deep expertise of employees and partners.

Buy -

Seller(S) 1

SELLER

GRO Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

GRO Capital is a private investment firm focused on investments in growth technology companies operating in Northern Europe. GRO has a preference for B2B software companies with scalable business models that have reached profitability. GRO Capital was formed in 2014 and is based in Copenhagen.

DEAL STATS #
Overall 4 of 4
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Denmark M&A 4 of 4
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Catenda

Oslo, Norway

Catenda is a Building Information Modelling (BIM) & Common Data Environment (CDE) platform that aims to improve stakeholder collaboration from the design and pre-construction phases of construction and infrastructure projects through to building operations management. Catenda was founded in 2009 and is based in Oslo, Norway.

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Mergr

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