1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Denmark >
  5. Gentrack Group Acquires BLIP Systems A/S

M&A Deal Summary

Gentrack Group Acquires BLIP Systems A/S

On April 24, 2017, Gentrack Group acquired software company BLIP Systems A/S from Maj Invest Equity for 41M DKK

Acquisition Highlights
  • This is Gentrack Group’s 2nd transaction in the Software sector.
  • This is Gentrack Group’s 2nd largest (disclosed) transaction.
  • This is Gentrack Group’s 1st transaction in Denmark.

M&A Deal Summary
Date 2017-04-24
Target BLIP Systems A/S
Sector Software
Buyer(s) Gentrack Group
Sellers(s) Maj Invest Equity
Deal Type Add-on Acquisition
Deal Value 41M DKK

Target

BLIP Systems A/S

Vodskov, Denmark
BLIP Systems A/S is a provider in passenger flow, queue prediction and capacity forecasting software. These solutions use video cameras and mobile phone wifi and bluetooth sensors to track passenger movement, monitor waiting times and predict congestion points for airports and other high traffic facilities. BLIP Systems A/S was established in 2003 and is headquartered in Vodskov, Denmark.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Gentrack Group

Auckland, New Zealand
Category Company
Founded 1989
Sector Software
Revenue 311M NZD (2024)
DESCRIPTION

Gentrack Group is a developer of software for energy utilities, water companies and airports. Gentrack Group was founded in 1989 and is based in Auckland, New Zealand.

DEAL STATS #
Overall 3 of 3
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Denmark M&A 1 of 1
Year: 2017 M&A 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 CA Plus

Luqa, Malta

CA Plus Ltd. (Concessionaire Analyzer+) is a provider of software solution for the management, optimisation and auditing of airport retail concession revenue. CA Plus Ltd. is headquartered in Luqa, Malta.

Buy €8M

Seller(S) 1

SELLER

Maj Invest Equity

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 590M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maj Invest Equity A/S (formerly LD Invest Equity) is the private equity investment arm of financial management firm Maj Invest Holding A/S (formerly LD Invest A/S). Maj invests in small-cap Danish businesses generating sales of EUR 13 to 130 million with proven business models and established market positions. Maj Invest Equity was formed in 2005 and is based in Copenhagen.

DEAL STATS #
Overall 38 of 50
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 17 of 24
Country: Denmark M&A 38 of 50
Year: 2017 M&A 3 of 5
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Icotera

Glostrup, Denmark

Icotera is a developer of gateway, WiFi and software solutions sold to fiber network operators. Icotera was founded in 2007 and is based in Glostrup, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 TourCompass

Viby, Denmark

TourCompass is an online based tour operator that offers individual leisure trips to destinations in AfrViby Jica, Latin America, the United States and Asia. Sales are done through the company's national websites (in Denmark: Afrika-safari.dk, Lamatours.dk, Asiatours.dk and USAdventures.dk) as well as through personal counsel from experienced travel consultants and marketed online to customers in Scandinavia, Germany, England and the Netherlands. TourCompass was founded in 2006 and is based in Viby, Denmark.

Buy -
Mergr

Solution for

Product

Company

Legal