Xero Acquires Planday for €183.5M

March 8, 2021

Xero, the New Zealand-founded cloud accounting platform, has agreed to acquire Danish staff rota and workforce management SaaS provider Planday for €183.5 million (€155.7m upfront plus up to €27.8m earnout). The deal is expected to close in March 2022 and aims to integrate Planday’s scheduling and workforce tools into Xero’s small-business ecosystem to drive product capability expansion and revenue growth across key European markets.

Buyers
Xero
Targets
Planday
Industry
Cloud & SaaS
Location
Denmark
Transaction Type
Buyout

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