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  5. GBTEC Acquires avedos GRC

M&A Deal Summary

GBTEC Acquires avedos GRC

On May 11, 2020, GBTEC acquired software company avedos GRC

Acquisition Highlights
  • This is GBTEC’s 1st transaction in the Software sector.
  • This is GBTEC’s 1st transaction in Austria.

M&A Deal Summary
Date 2020-05-11
Target avedos GRC
Sector Software
Buyer(s) GBTEC
Deal Type Add-on Acquisition

Target

avedos GRC

Vienna, Austria
avedos GRC GmbH is a provider of GRC software to large Austrian and German enterprises as well as international groups, including brands such as RWE, Henkel, and MAN. GRC platform is a process-based view that focuses on establishing company-wide management systems for governance on all levels of action, from strategy to implementation. avedos was formed in 2005 and is based in Vienna, Austria.

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Buyer(S) 1

Buyer

GBTEC

Bochum, Germany
Category Company
Sector Software
DESCRIPTION

GBTEC is a provider of business process management, integrated risk management, and IT management. GBTEC is based in Bochum, Germany.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Austria M&A 1 of 1
Year: 2020 M&A 1 of 1
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