M&A Deal Summary

Visma Acquires MobileXpense

On November 28, 2024, Visma acquired software company MobileXpense from Fortino Capital

Acquisition Highlights
  • This is Visma’s 44th transaction in the Software sector.
  • This is Visma’s 3rd transaction in Belgium.

M&A Deal Summary
Date 2024-11-28
Target MobileXpense
Sector Software
Buyer(s) Visma
Sellers(s) Fortino Capital
Deal Type Add-on Acquisition

Target

MobileXpense

Brussels, Belgium
MobileXpense is an expense management group. MobileXpense digitalizes a process that used to be paper or excel based in past, allowing to efficiently control & reduce expenses. MobileXpense was founded in 2000 and is based in Brussels, Belgium.

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Buyer(S) 1

Buyer

Visma

Oslo, Norway
Category Company
Founded 1985
Sector Software
Revenue 5.1B NOK (2013)
DESCRIPTION

Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.

DEAL STATS #
Overall 87 of 87
Sector (Software) 44 of 44
Type (Add-on Acquisition) 80 of 80
Country (Belgium) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 iVISION

Silkeborg, Denmark

iVISION is a Danish software company that, with the legal system Legis 365, focuses on making work easy and efficient in law firms and legal departments. With the latest technology and a smart and intuitive system. iVISION is based in Silkeborg, Denmark.

Buy -

Seller(S) 1

SELLER

Fortino Capital

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2013
PE ASSETS 340M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fortino Capital is an early to later stage investment firm focused on providing growth capital to small and medium-sized companies in the Benelux region of Europe. The Firm's venture unit looks to invest €1 to €5 million for majority stakes in software and e-commerce companies with proven products/traction. The Firm's growth capital unit invests in ambitious scale-ups and more mature business (SMEs) which are challenged by industry innovation and organization change. Fortino's growth unit looks to invest €5 to €25 million for majority or minority positions. Fortino Capital was formed in 2013 and is headquartered in Zaventem, Belgium.

DEAL STATS #
Overall 6 of 6
Sector (Software) 2 of 2
Type (Add-on Acquisition) 4 of 4
Country (Belgium) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-28 ProMark

Kgs. Lyngby, Denmark

ProMark provides all-in-one workforce management software tailored to high-complexity needs. The company's all-in-one solution helps some of the largest and most well-known Nordic brands maximize employee engagement, productivity, and profitability. ProMark is headquartered in Denmark with subsidiaries in Sweden, Norway, UK, and Romania.

Buy -
Mergr

Product

Company

Legal