M&A Deal Summary

Seamless Distribution Systems Acquires Riaktr

On February 27, 2018, Seamless Distribution Systems acquired information technology company Riaktr from GIMV

Acquisition Highlights
  • This is Seamless Distribution Systems’ 2nd transaction in the Information Technology sector.
  • This is Seamless Distribution Systems’ 1st transaction in Belgium.

M&A Deal Summary

Date 2018-02-27
Target Riaktr
Sector Information Technology
Buyer(s) Seamless Distribution Systems
Sellers(s) GIMV
Deal Type Add-on Acquisition

Target

Riaktr

Brussels, Belgium
Riaktr is a supplier of proprietary software technology for Business Analytics and Big Data in the telecom sector. Riaktr was founded in 2009 and is based in Brussels, Belgium.

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Buyer(S) 1

Buyer

Seamless Distribution Systems

Stockholm, Sweden

Category Company
Founded 2014
Sector Internet Software and Services
Employees149
Revenue 53M SEK (2023)
DESCRIPTION

Seamless Distribution Systems is a global mobile payments company that provides prepaid top-up systems and mobile payment services for mobile operators, distributors, retailers and consumers. The company has two main product lines: the proprietary transaction switch ERS 360? for top-ups to mobile operators and distributors, and SEQR for mobile payments in stores, on-line and in-app. With our solutions, everyone prospers. Seamless Distribution Systems was founded in 2014 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Belgium M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 MeaWallet AS

Norway

MeaWallet AS is a technical solutions for cloud based payment services and is a leader in the field of Host Card Emulation (HCE), a technology for issuing digital payment cards.

Buy $43M

Seller(S) 1

SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 80 of 111
Sector: Information Technology M&A 4 of 6
Type: Add-on Acquisition M&A Deals 43 of 58
Country: Belgium M&A 27 of 35
Year: 2018 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-09 Impact

Hasselt, Belgium

Impact is a provider of professional services, focuses primarily on technical and construction jobs as well as bottleneck functions in the administrative segment. Impact was founded in 1999 and is based in Hasselt, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Ellis

Berchem, Belgium

Ellis is a restaurant chain for hamburger meals, established with the mission to serve the perfect hamburger in a strong service oriented environment. Ellis was founded in 2011 and is based in Berchem, Belgium.

Buy -