Avanquest (Claranova) to Acquire PDF forge

April 4, 2022

Claranova’s Avanquest division entered into a binding agreement to acquire German PDF document software publisher pdfforge GmbH (“PDF forge”) for €24.5 million. The deal is expected to close no later than June 15, 2022, with €19 million paid at closing and €5.5 million paid one year later.

Buyers
Claranova (Avanquest division)
Targets
pdfforge GmbH (PDF forge)
Sellers
Philip Chinery
Industry
Software
Location
Germany
Transaction Type
Buyout

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