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  5. SmartCraft Acquires Congrid

M&A Deal Summary

SmartCraft Acquires Congrid

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

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

M&A Deal Summary
Date 2021-03-05
Target Congrid
Sector Internet Software and Services
Buyer(s) SmartCraft
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

SmartCraft

Hønefoss, Norway
Category Company
Founded 1987
Sector Software
Employees270
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 STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2021 M&A 1 of 1
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