Add-on Acquisition • Information Technology

Siemens Advanta Acquires Vendigital

On January 17, 2023, Siemens Advanta acquired information technology company Vendigital from Livingbridge

Acquisition Context
  • This is Siemens Advanta’s 1st transaction in the Information Technology sector.
  • This is Siemens Advanta’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date January 17, 2023
Target Vendigital
Sector Information Technology
Buyer(s) Siemens Advanta
Sellers(s) Livingbridge
Deal Type Add-on Acquisition

Target Company

Vendigital

London, United Kingdom
Vendigital provides technology-led transformation programmes for blue-chip, enterprise clients looking to identify and solve complex cost problems and deliver results to clients’ bottom lines. Vendigital has deep expertise across a number of sectors including aerospace & defense, automotive, transportation, media & entertainment, retail and industrial products. Vendigital was founded in 2000 and is based in London, United Kingdom.
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Buyer Overview 1

Buyer

Siemens Advanta

Munich, Germany

Category Company
Sector Business Services
DESCRIPTION

Siemens Advanta is an organization with deep knowledge of both IT and OT and the experience to deliver holistic advisory solutions and services along the entire value chain, they thrive on simplifying processes by leveraging technology to empower people. Siemens Advanta is based in Munich, Germany.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


Deal Context for Seller #
Overall 97 of 102
Sector: Information Technology 9 of 10
Type: Add-on Acquisition 43 of 44
Country: United Kingdom 89 of 92
Year: 2023 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 CMME

Bristol, United Kingdom

CMME is a specialist mortgage brokerage offering expert advice and bespoke mortgages. CMME was founded in 2004 and is based in Bristol, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-28 T-Pro

Dublin, Ireland

T-Pro is a clinical documentation improvement software. Their cloud-based or on-premise clinical documentation solutions enable workflows for efficient and accurate speech recognition, medical transcription, messaging and coding. T-Pro was founded in 2012 and is based in Dublin, Ireland.

Buy -