M&A Deal Summary

Progrits Acquires Infospread

On July 3, 2020, Progrits acquired software company Infospread from Jonkoping Business Development AB

Acquisition Highlights
  • This is Progrits’ 1st transaction in the Software sector.
  • This is Progrits’ 1st transaction in Sweden.

M&A Deal Summary

Date 2020-07-03
Target Infospread
Sector Software
Buyer(s) Progrits
Sellers(s) Jonkoping Business Development AB
Deal Type Add-on Acquisition

Target

Infospread

Jönköping, Sweden
Infospread is a product development company that works with mobile applications and solutions. Infospread was formed in 2005 and is based in Jönköping, Sweden.

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Buyer(S) 1

Buyer

Progrits

Gothenburg, Sweden

Category Company
Sector Software
DESCRIPTION

Progrits is a software company in vertical software and information services for business to business. Progrits develop and deliver mission-critical software and information services within automotive trade, transport and logistics, as well as integrated e-commerce. Progrits is based in Gothenburg, Sweden.


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

Seller(S) 1

DESCRIPTION

Jönköping Business Development AB is a growth equity investor focused on opportunities in Sweden. The Firm is an active investor, looking to help companies with growth and to become profitable. The Firm does not have any stated sector preferences. Jönköping Business Development AB was established in 2007 and is headquartered in Jönköping.


DEAL STATS #
Overall 5 of 5
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Sweden M&A 5 of 5
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Netpublicator Apps

Jönköping, Sweden

Netpublicator Apps provides solution for paperless meetings. The concept involves digital distribution of documentation to mobile devices and is a full-featured solution for sending documents, reading and notebooks. Netpublicator Apps was based in Jönköping, Sweden.

Sell -