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  5. Siigo Acquires Aspel

M&A Deal Summary

Siigo Acquires Aspel

On February 9, 2022, Siigo acquired software company Aspel

Acquisition Highlights
  • This is Siigo’s 1st transaction in the Software sector.
  • This is Siigo’s 1st transaction in Mexico.

M&A Deal Summary
Date 2022-02-09
Target Aspel
Sector Software
Buyer(s) Siigo
Deal Type Add-on Acquisition

Target

Aspel

Mexico, Mexico
Aspel is a financial and accounting administrative software company that has facilitated the digital transformation of more than one million SMEs over the past 40 years. Aspel ensures that its customers are in full compliance with national government regulations while providing a full array of solutions to effectively run their businesses. Aspel was founded in 1981 and is based in Mexico City.

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Buyer(S) 1

Buyer

Siigo

Cundinamarca, Colombia
Category Company
Founded 1988
Sector Internet Software and Services
DESCRIPTION

Siigo is a provider of accounting and administrative software for small and medium-sized companies. Company serves over 100,000 clients and more than 15,000 accountants. Their solutions include accounting, payroll, invoicing, inventory management and as well manages the finance, accounting and administrative aspects of small and mi-sized businesses. Siigo was founded in 1988 and is based in Cundinamarca, Colombia.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Mexico M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-24 Ilimitada SAS

Colombia, Spain

Ilimitada SAS is a provider of software serves over 35,000 users in Colombia.

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