M&A Deal Summary

Swiss Post Acquires Open Systems

On September 18, 2024, Swiss Post acquired information technology company Open Systems from EQT

Acquisition Highlights
  • This is Swiss Post’s 1st transaction in the Information Technology sector.
  • This is Swiss Post’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2024-09-18
Target Open Systems
Sector Information Technology
Buyer(s) Swiss Post
Sellers(s) EQT
Deal Type Add-on Acquisition

Target

Open Systems

Zurich, Switzerland
Open Systems is one of the major Secure SD-WAN-as-a-service providers in Europe and the US. Open Systems secures and monitors IT networks and business-critical applications for global enterprises, NGOs, and institutions. Open Systems was founded in 1990 and is based in Zurich, Switzerland.

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Buyer(S) 1

Buyer

Swiss Post

Bern, Switzerland

Category Company
Sector Business Services
DESCRIPTION

Swiss Post is the national postal service of Switzerland.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Switzerland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Tresorit

Budapest, Hungary

Tresorit is a cloud-based, secure file synchronizing software provider, specifically designed to share confidential data of business users. Tresorit is suitable for making shared directories in a way that the files in the directories are encrypted before being uploaded and the encrypted file will get into the cloud. Tresorit was founded in 2011 and is based in Budapest, Hungary.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 184 of 186
Sector (Information Technology) 14 of 14
Type (Add-on Acquisition) 72 of 72
Country (Switzerland) 7 of 7
Year (2024) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 GeBBS Healthcare Solutions

Culver City, California, United States

GeBBS Healthcare Solutions (GeBBS) specializes in revenue cycle management, health information management (HIM), and medical billing services. The company offers services designed to help US-based healthcare providers, including hospitals, health systems, and physician practices, improve their financial performance by optimizing revenue cycle processes and ensuring accurate coding and billing practices. GeBBS Healthcare Solutions was founded in 2005 and is based in Culver City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-19 Indostar Home Finance

Mumbai, India

Indostar Home Finance provides mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 39,000 low-income homeowners and small businesses. The Company has more than 130 branches spread across nine states. Indostar Home Finance was formed in 2017 and is headquartered in Mumbai.

Buy Rs17.5B