M&A Deal Summary

MobileXpense Acquires Dicom Expense AB

On January 31, 2020, MobileXpense acquired internet software and services company Dicom Expense AB

Acquisition Highlights
  • This is MobileXpense’s 2nd transaction in the Internet Software and Services sector.
  • This is MobileXpense’s 1st transaction in Sweden.

M&A Deal Summary

Date 2020-01-31
Target Dicom Expense AB
Sector Internet Software and Services
Buyer(s) MobileXpense
Deal Type Add-on Acquisition

Target

Dicom Expense AB

Stockholm, Sweden
Dicom Expense AB is a provider of smart cloud service and mobile app today streamlines the accounting of over 1500 companies’ card invoices, travel bills, and receipts digitally. Dicom Expense is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

MobileXpense

Brussels, Belgium

Category Company
Founded 2000
Sector Software
DESCRIPTION

MobileXpense is an expense management group. MobileXpense digitalizes a process that used to be paper or excel based in past, allowing to efficiently control & reduce expenses. MobileXpense was founded in 2000 and is based in Brussels, Belgium.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Sweden M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 Declaree

Rotterdam, Netherlands

Declaree is an online expense management solution; a native smartphone app to digitize all (travel) expenses instead of completing monthly declaration forms in Excel or on paper. Declaree is used by employees to digitize receipts, mileages, daily allowances, and other reimbursable costs. Declaree stores all receipts online, where managers can review and approve all expenses and link them directly to the accounts - as easy as a single mouse click. Declaree was founded in 2014 and is based in Rotterdam, Netherlands.

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