Add-on Acquisition • Internet Software and Services

SmartCraft Acquires Congrid

On March 5, 2021, SmartCraft acquired internet software and services company Congrid

Acquisition Context

This is SmartCraft’s 1st transaction in the Internet Software and Services sector.
This is SmartCraft’s 1st transaction in Finland.

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M&A Deal Summary
Date	March 5, 2021
Target	Congrid
Sector	Internet Software and Services
Buyer(s)	SmartCraft
Deal Type	Add-on Acquisition

Target Company

Congrid

Helsinki, Finland

Congrid is a provider of construction quality and safety assurance SaaS software in Finland. Congrid’s software solution is a mission-critical tool for more than 10 000 active users in the Finish construction industry who utilize Congrid to monitor the quality and safety management of construction sites.

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Buyer Overview 1

Buyer

SmartCraft

Hønefoss, Norway

Category	Company
Founded	1987
Sector	Software
Employees	270
Revenue	511M NOK (2024)

DESCRIPTION

SmartCraft is a provider of ERP systems for craftsmen to make cost reduction, and efficiency improvement and made small and medium-sized businesses competitive. The SmartCraft system is a core to success for everyone in the entrepreneurial business, crafts, and trade. SmartCraft was formed in 1987 and is based in Hønefoss, Norway.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Finland	1 of 1
Year: 2021	1 of 1

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