M&A Deal Summary

Hospeco Brands Group Acquires Nuance Solutions

On June 25, 2024, Hospeco Brands Group acquired software company Nuance Solutions from Microsoft

Acquisition Highlights
  • This is Hospeco Brands Group’s 1st transaction in the Software sector.
  • This is Hospeco Brands Group’s 1st transaction in the United States.
  • This is Hospeco Brands Group’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-06-25
Target Nuance Solutions
Sector Software
Buyer(s) Hospeco Brands Group
Sellers(s) Microsoft
Deal Type Divestiture

Target

Nuance Solutions

Burlington, Massachusetts, United States
Nuance's corporate headquarters in Burlington, Massachusetts.
Nuance's corporate headquarters in Burlington, Massachusetts.
Nuance Solutions is a provider of speech and imaging solutions for businesses and consumers around the world. Nuance technologies, applications and services enable users calling directory assistance, getting account information, dictating patient records, telling a navigation system their destination, or digitally reproducing documents that can be shared and searched. Nuance Solutions was formed in 1992 and is based in Burlington, Massachusetts.

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Buyer(S) 1

Buyer

Hospeco Brands Group

Cleveland, Ohio, United States
Category Company
Sector Manufacturing
DESCRIPTION

Hospeco Brands Group is a full-line manufacturer of cleaning and protection products to serve the janitorial, industrial supply, food service, healthcare, and hospitality markets. The company comprises Acute Care Pharmaceutical, Adenna, HOSPECO, Nilodor, High-Tech Conversions, and other popular brands, make products that protect, sanitize, clean, and provide care and comfort to millions around the globe. Solutions for and barriers against germs, bacteria, and harmful substances are vital weapons in the battle for public health and safety. Its products make workplaces, businesses, schools, and other public facilities safer and more comfortable through categories such as personal protective equipment (PPE), cleaning equipment and supplies, facility and floor care, odor control, restroom comfort, and menstrual care. Hospeco Brands Group is based in Cleveland, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-24 Innocore

Woodstock, Ontario, Canada

Innocore is a Canadian sales and manufacturing company that delivers high-quality products to the away-from-home market. The company is a maker of Touch Point and Certainty Brands premoistened, non-woven, surface and personal wipes, and other hand care products. Its cGMP manufacturing facility produces Health Canada, EPA, and FDA-registered wipe products. Innocore was formed in 2001 and is based in Woodstock, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 Safety Zone

Guilford, Connecticut, United States

Safety Zone is a virtual manufacturer of branded and private-label personal protective equipment and janitorial, safety, hygiene, and sanitation products. Through its Safety Zone and Impact Products divisions, the Company serves a diversified customer base, including janitorial and sanitation supply distributors, safety products resellers, food service and food processing distributors, and retailers. Safety Zone was founded in 1973 and is based in Guilford, Connecticut.

Buy -

Seller(S) 1

SELLER

Microsoft

Redmond, Washington, United States
Category Company
Founded 1975
Sector Software
Employees221,000
Revenue 211.9B USD (2023)
DESCRIPTION
Entrance to Microsoft's corporate headquarters in Redmond, Washington.
Entrance to Microsoft's corporate headquarters in Redmond, Washington.

Microsoft is a global technology company that offers a broad spectrum of software products, services, and devices designed to help individuals and organizations across various sectors. Its extensive portfolio includes the Windows operating systems, the Microsoft Office suite for productivity, and the Azure cloud computing platform, providing solutions for computing, analytics, storage, and networking. Microsoft also delves into enterprise applications with Dynamics 365, connects professionals via LinkedIn, and engages gamers through its Xbox brand and related services. Additionally, it offers internet services such as Bing for web search, Outlook.com for email, and Skype for communication. Microsoft was formed in 1975 and is based in Redmond, Washington.

DEAL STATS #
Overall 13 of 14
Sector (Software) 2 of 2
Type (Divestiture) 11 of 12
State (Massachusetts) 1 of 1
Country (United States) 11 of 11
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Fungible

Santa Clara, California, United States

Fungible is a provider of data-centric computing and revolutionizing the performance, economics, reliability, and security of scale-out data centers. Fungible was formed in 2015 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 MetaSwitch Networks

Enfield, United Kingdom

Metaswitch Networks is a provider of carrier systems and software solutions that are powering the migration of communications networks to open, packet-based architectures. Hundreds of network operators worldwide depend on its Carrier Systems Division for reliable, scalable session control, media gateway and application/feature server solutions to enable compelling revenue-generating services. Its Network Protocols Division develops high performance, portable software components that are integrated into the products of the world's leading communications equipment manufacturers. MetaSwitch Networks was formed in 1981 and is based in Enfield, England.

Sell -
Mergr

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