M&A Deal Summary

Total Specific Solutions B.V. and Constellation Software Acquire Cipal Schaubroeck

On January 14, 2025, Total Specific Solutions B.V. and Constellation Software acquired information technology company Cipal Schaubroeck

Acquisition Highlights
  • This is Total Specific Solutions B.V.’s 2nd and Constellation Software’s 5th transaction in the Information Technology sector.
  • This is Total Specific Solutions B.V.’s 1st and Constellation Software’s 1st transaction in Belgium.

M&A Deal Summary

Date 2025-01-14
Target Cipal Schaubroeck
Sector Information Technology
Buyer(s) Total Specific Solutions B.V.
Constellation Software
Deal Type Add-on Acquisition

Target

Cipal Schaubroeck

Geel, Belgium
Cipal Schaubroeck is a vertical market software provider active in the local government vertical. Cipal Schaubroeck was founded in 2016 and is based in Geel, Belgium.

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Buyer(S) 2

Buyer

Total Specific Solutions B.V.

Utrecht, Netherlands

Category Company
Sector Software
Employees1,400
Revenue 174M EUR (2012)
DESCRIPTION

TSS is a software provider serving the general practitioner, pharmacy, long term care, mental care, property tax, and civil affairs markets. It also owns several non-VMS businesses, primarily involved in information technology service.


DEAL STATS #
Overall 10 of 10
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 7
Country: Belgium M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 Prima Solutions

Paris, France

Prima Solutions is a software vendor that designs, develops and markets software exclusively for insurance providers. Prima Solutions offers modular digital applications to help insurance companies optimize customer relations and insurance policy management. Prima Solutions was founded in 2000 and is based in Paris, France.

Buy -
Buyer

Constellation Software

Toronto, Ontario, Canada

Category Company
Founded 1995
Sector Software
Employees19,000
Revenue 10.1B USD (2024)
DESCRIPTION

Constellation acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries. Constellation Software was founded in 1995 and is based in Toronto, Ontario.


DEAL STATS #
Overall 49 of 50
Sector: Information Technology M&A 5 of 5
Type: Add-on Acquisition M&A Deals 40 of 41
Country: Belgium M&A 1 of 1
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 Black Knight - Empower LOS Business

Jacksonville, Florida, United States

Black Knight’s Empower loan origination system (LOS) business, including its Exchange, LendingSpace and AIVA solutions based in Jacksonville, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-15 Tecvia

Munich, Germany

Tecvia is a European provider of training and continuing education solutions in the mobility sector, as well as media and online products for the driving school, transport & logistics, automotive, and tourism industries. The company offers its customers modern digital and print media, as well as software solutions, through its brands Verlag Heinrich Vogel, Auto Business Media, Binnenschifffahrts-Verlag, FUMO Solutions, and TRIAS.

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