Acquisitions in Austria

duPont REGISTRY Group (dRG) acquired a majority stake in Elferspot, a niche online marketplace for pre-owned and classic Porsche sports cars founded in Austria. Founder and CEO Markus Klimesch will remain a significant shareholder and continue to lead the company from Austria, while dRG supports Elferspot’s growth through marketing, dealer relationships, editorial visibility, and expanded commerce opportunities.

SoftProject, a provider of business process management and data management software, has acquired dataspot., an Austria-based metadata management and data governance solutions provider. The deal represents SoftProject’s second add-on acquisition since partnering with Main Capital Partners in June 2024 and expands the group’s end-to-end capabilities in process automation, integration, and trusted metadata governance across Europe.

IBM announced the acquisition of Txture GmbH, whose software helps enterprises migrate, modernize, and optimize hybrid cloud estates. Txture’s capabilities will be integrated into the IBM Consulting Advantage platform to enhance IBM Consulting’s application migration & modernization and cloud technology strategy offerings, accelerating discovery, planning, and execution of cloud transformation projects.

FLEX Capital acquired Evo IT GmbH, a Vienna-headquartered provider of customized software solutions and digital customer experience implementations serving industries such as mobility, energy, critical infrastructure, and the public sector across the DACH region. Frankfurt-based VR Equitypartner, which had been the majority shareholder since 2019, is selling its majority stake, while Evo IT’s founders are also selling part of their shares and remaining invested alongside the management team led by founder/CEO Paul Kleinrath.

Synacti, a software-focused private equity firm, acquired a majority stake in Software Spinner GmbH, the company behind the MyExpatTaxes expat tax software platform. MyExpatTaxes will continue operating independently under its existing brand while leveraging Synacti’s capital and operational support to accelerate growth and expand its offering for Americans living abroad who need to file U.S. taxes.

Bruker Corporation announced it has acquired biocrates life sciences ag, a quantitative metabolomics company based in Innsbruck, Austria; financial terms were not disclosed. The deal expands Bruker’s mass spectrometry-based multiomics offering by adding biocrates’ metabolomics and lipidomics kits, assays, related software, and research services.

Visma announced the acquisition of Finmatics, a fast-growing provider of AI-powered pre-accounting cloud software serving more than 1,200 accounting offices as well as corporates and SMBs in Austria and Germany. Following the deal, Finmatics will continue to operate under the same brand and management while benefiting from Visma’s scale and capabilities to accelerate growth in the DACH region.

Comply365, LLC has executed a definitive agreement to acquire Aviation Safety & Quality Solutions S.à r.l. (ASQS). ASQS provides safety and compliance management systems, expanding Comply365’s operational content, safety, and training management solutions serving aviation and other transportation and defense-related industries.

Headwall Group, a portfolio company of Arsenal Capital Partners, has acquired EVK DI Kerschhaggl GmbH (EVK), an Austria-based provider of industrial sensor-based sorting and inspection systems. The transaction expands Headwall’s hyperspectral imaging and industrial machine vision capabilities by adding EVK’s hyperspectral and inductive sensor technologies and data analysis expertise.

Lindsay Corporation completed the acquisition of a 49.9% minority interest in Austria-based Pessl Instruments. The investment strengthens Lindsay’s AgTech offering by integrating its FieldNET irrigation management platforms with Pessl’s METOS sensors and FieldClimate software, and Lindsay holds an option to acquire the remaining interest in Pessl later.

Mölnlycke Health Care has completed the acquisition of P.G.F. Industry Solutions GmbH, the Austrian manufacturer of the Granudacyn wound cleansing and moistening solutions. The deal builds on a more than five-year partnership in which Mölnlycke has manufactured and distributed Granudacyn in over 50 countries, and is intended to expand Mölnlycke’s wound care portfolio.

CGE Partners and Five Arrows announced a majority investment in Intact, a provider of end-to-end auditing workflow SaaS for certification bodies, standard setters, and corporates. The previous majority shareholder, IMCap Partners, and Intact management will retain a stake in the company. Financial terms were not disclosed.

Dataciders acquired Austrian Data & AI services provider PASO Solutions to expand its presence in the DACH region and support international growth. The deal represents Dataciders’ third add-on acquisition since private equity firm Rivean Capital entered in January 2024.

P95 BV, a Belgium-headquartered provider of epidemiology and clinical solutions focused on vaccines and infectious diseases, acquired Austrian CRO Assign DMB. The deal expands P95’s capabilities in clinical data management and biostatistics/biometrics services. P95 is backed by Ampersand Capital Partners.

Vertex, Inc. (NASDAQ: VERX) announced it has agreed to acquire ecosio, a B2B integration provider focused on EDI and e-invoicing, to expand its global e-invoicing and indirect tax compliance capabilities. The deal includes $69 million upfront cash plus an earn-out of up to $76 million in cash and $35 million in Vertex shares, and is expected to close by the end of Q3 2024 subject to customary Austrian regulatory approval.

ASSA ABLOY signed an agreement to acquire SKIDATA, a provider of access management solutions. SKIDATA is part of the Public Access division of Kudelski Group and is headquartered in Salzburg, Austria; the transaction is subject to regulatory approval and is expected to close in Q3 2024.

Alpin Unlimited, an affiliate of LongRange Capital, acquired a 31.85% minority stake in Bergbahn Aktiengesellschaft Kitzbühel (KitzSki), a ski resort operator in Kitzbühel, Austria. The investment is intended to support a collaborative, long-term partnership with KitzSki and its stakeholders to drive the resort’s continued success.

Novo Holdings agreed to acquire an approximately 60% controlling (majority) stake in Single Use Support, a life science tools company providing technology solutions for pharmaceutical production and bioprocessing. The founders, Johannes Kirchmair and Thomas Wurm, will each retain 10% ownership and Danaher will retain 20%, with the transaction subject to regulatory approvals.

TokenEx and IXOPAY announced a definitive agreement to merge, forming a combined global payments optimization platform. The combined company will be called “IXOPAY, a TokenEx Company,” led by CEO Marc Olesen, and will unify tokenization and payments orchestration capabilities for merchants.

IK Partners, through its IK Small Cap III Fund, signed an agreement to invest in Schwingshandl automation technology GmbH, an Austrian provider of smart intralogistics and warehouse automation solutions. Founders Thomas Schwingshandl and Enrico Larcher will retain significant minority ownership and continue in leadership roles, with the investment intended to support service expansion and international growth.

Align Technology, Inc. has completed the acquisition of privately held Cubicure GmbH for approximately €79 million (subject to closing adjustments). The deal is intended to strengthen Align’s Digital Platform by expanding its direct 3D printing, materials, and additive manufacturing capabilities for orthodontic devices.

SplitMetrics, an American app growth solutions startup, acquired App Radar, an Austrian app marketing and analytics platform, in a seven-figure all-cash deal. The transaction combines their AI-powered capabilities across paid user acquisition, app store optimization, conversion rate optimization, and data analytics, while the two companies will continue to operate as separate brands serving customers globally.

ZetaDisplay AB (publ) has acquired Peakmedia digital signage GmbH, a leading Austrian digital signage integrator, to strengthen its presence across the DACH region and Europe. The transaction is expected to be EBITDA accretive and will be funded through ZetaDisplay’s existing debt facilities.

saas.group has acquired Usersnap, an Austria-based SaaS user feedback platform used by digital product teams to collect visualized issues, ideas, and micro-surveys. The deal is saas.group’s 16th acquisition and expands its Customer Experience portfolio alongside Zenloop. Usersnap’s founders and leadership team are expected to continue leading the business post-acquisition.

One Rock Capital Partners announced that an affiliate has entered into a definitive agreement to acquire Constantia Flexibles, a global flexible packaging manufacturer. Constantia is being acquired from Wendel, a listed European investment firm.

Hexagon AB has completed the acquisition of CADS Additive GmbH, a software provider focused on build preparation for metal additive manufacturing. The deal expands Hexagon’s additive manufacturing workflow by integrating CADS Additive’s AM Studio capabilities with Hexagon’s Simufact Additive and Nexus digital reality platform to improve productivity and reduce waste.

Intel Corporation agreed to sell an approximately 20% minority stake in its IMS Nanofabrication GmbH business to Bain Capital Special Situations, valuing IMS at about $4.3 billion. The transaction is expected to close in the third quarter of 2023, with IMS continuing to operate as a standalone subsidiary under CEO Dr. Elmar Platzgummer.

Macquarie Asset Management, through Macquarie European Infrastructure Fund 7, agreed to acquire a significant minority stake in Best in Parking AG. The majority stake will be retained by Breiteneder Immobilien Parking AG (owned by the Breiteneder family and its private foundations), with closing expected by Q3 2023; financial terms were not disclosed.

ClimateTrade has acquired climate neutrality company TeamClimate to expand its global reach and enhance its climate solutions portfolio. The deal enables ClimateTrade to offer subscription-based carbon offsetting directly to consumers, complementing its existing enterprise-focused carbon marketplace and API/whitelabel offerings.

AG Capital acquired a majority stake in Improove Group, an SEO agency headquartered in Vienna, Austria. Improove will partner with AG Capital to accelerate growth through organic initiatives and targeted acquisitions, while the founders and prior owners retain a significant stake and remain involved.

Bluefin acquired TECS Payment Systems, a global provider of omnichannel payment solutions for acquirers, payment service providers, and POS system providers. The combination expands Bluefin’s omnichannel payments and smartPOS capabilities while adding Bluefin’s PCI-validated encryption and tokenization data-security solutions to TECS’ offering. TECS will be integrated into Bluefin while continuing its Austria-based operations under founder and CEO Fazlollah Rostamian.

FiscalNote (NYSE: NOTE) acquired the core operating assets and book of business of DT-Global Business Consulting (DT-Global), a Vienna-based subscription market intelligence firm focused on Central & Eastern Europe, the CIS, and the Middle East-Africa region. The deal expands FiscalNote’s geopolitical and market intelligence capabilities and is intended to strengthen its FrontierView and Oxford Analytica offerings while growing its customer base in Central & Eastern Europe. DT-Global founder Dr. Daniel Thorniley will continue in a leadership role following the acquisition.

Brainlab, a digital medical technology company, announced the majority acquisition of medPhoton GmbH, which develops and manufactures robotic imaging solutions for image-guided radiation therapy and surgery. medPhoton will continue to operate as an independent R&D company within the Brainlab Group, expanding development and production of the Loop-X mobile imaging robot and pursuing additional radiotherapy applications.

Cyara, a provider of an automated customer experience (CX) assurance platform, closed its acquisition of automated chatbot testing company Botium. The deal adds chatbot and conversational AI testing capabilities to Cyara’s portfolio and expands Cyara’s international presence into Central Europe through Botium’s operations in Austria.

Clubessential Holdings, a membership-management SaaS provider, announced the acquisition of The Assistant Company (TAC) / TAC Software, a leader in spa and activity management software. The deal expands Clubessential Holdings’ international footprint—particularly in Europe—and marks an entry into the spa industry, adding TAC’s global customer base and capabilities in spa, membership, and access control software.

Netrisk Group, a European online price comparison group backed by TA Associates and MCI Capital, completed the acquisition of durchblicker, Austria’s market-leading online tariff/rate comparison portal. Following the deal, durchblicker will continue operating under its existing brand and team, while expanding Netrisk’s presence to five European countries and strengthening its comparison offering across insurance, telecom, energy, and financial products.

Amadys, a portfolio company of Equistone Partners Europe, acquired distribution specialists SKG Netzwerktechnik GmbH (Austria) and Muth Kommunikationstechnik GmbH (Germany). The add-on acquisitions support Amadys’ buy-and-build strategy to expand its total connectivity solutions offering and strengthen its presence across the DACH region; financial terms were not disclosed.

Radancy announced plans to acquire Firstbird, a Vienna, Austria-based provider of SaaS employee referral program software. The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions and regulatory approvals. Radancy is a portfolio company of Gemspring Capital, and Firstbird will operate as “Firstbird, a Radancy Company” under its current CEO Arnim Wahls.

Joby Aviation, Inc. acquired Inras GmbH, a radar systems developer based in Linz, Austria. The Inras team, co-founded by Andreas Haderer and Andreas Stelzer, will remain in Linz and expand Joby’s in-house R&D to develop purpose-built radar systems supporting onboard sensing and navigation for Joby’s electric aircraft.

BYJU'S announced the acquisition of Austria-headquartered GeoGebra, an interactive mathematics learning platform. GeoGebra will continue to operate as an independent unit within the BYJU'S group under founder Markus Hohenwarter, and the deal is intended to enhance BYJU'S math offerings with more visual and interactive learning formats.

ChargePoint Holdings, Inc. announced the closing of its previously announced acquisition of has·to·be, a European provider of the be.ENERGISED cloud-based e-mobility EV charging and enterprise software platform. The company also highlighted its earlier acquisition of ViriCiti, expanding ChargePoint’s fleet electrification, charging, and telematics capabilities across Europe and North America.

System Seals Inc. acquired Plastoseal Produktions GmbH, an Austrian manufacturer of highly engineered sealing solutions. The deal expands System Seals’ European presence and strengthens its GlobalOne supply-chain logistics program for seal customers worldwide. Plastoseal will continue to operate under the leadership of managing director Wolfgang Kerschbaumer.

Benford Capital Partners Management, L.P., in partnership with LiteSentry LLC, completed a recapitalization of Softsolution GmbH. Softsolution, based in Waidhofen an der Ybbs, Lower Austria, provides automated inspection and process control systems for the flat glass fabrication market. The transaction is described as LiteSentry’s first add-on acquisition, strengthening a broader glass inspection and control platform.

Vertellus signed and later completed the acquisition of ESIM Chemicals’ intermediates and specialties division, IM Chemicals, a producer of specialty chemical products (notably specialty anhydrides) serving pharmaceutical, coatings, and fuel & lubricant markets. The deal expands Vertellus’ specialty ingredients portfolio and adds European manufacturing capacity through IM Chemicals’ production site in Linz, Austria. Vertellus is owned by Pritzker Private Capital and management; the transaction was subject to customary regulatory approvals.

SHS Gesellschaft für Beteiligungsmanagement mbH (SHS) sold its shares in Single Use Support GmbH (SUS), an Austrian life science/medtech logistics supplier, to Pall Corporation. SUS provides mechatronic systems and single-use bag solutions for the safe transport, freezing, thawing, and handling of sensitive liquid substances used by biotech, pharmaceutical, and medical device companies worldwide.

easyname GmbH, an Austrian hosting provider owned by the dogado group, has agreed to take over competitor sprit.org. The deal supports dogado and easyname’s strategy to strengthen and expand their position in the Austrian hosting market.

Vector Capital announced the successful sale of Emarsys, a Vienna-headquartered provider of cloud-based marketing technology, to SAP SE. Transaction terms were not disclosed, and Vector Capital had initially invested in Emarsys in 2015.

Paramit Corporation agreed to acquire Austrian-based S.I.E. SOLUTIONS as part of its strategic expansion into Europe. Under the agreement, Paramit will acquire System Industrie Electronic GmbH and its German subsidiary System Industrie Electronic Deutschland GmbH, adding embedded technology design and manufacturing capabilities and establishing a European headquarters in Austria.

Bregal Unternehmerkapital (BU) has made a significant minority investment in Austrian children's bicycle producer woom to support its internationalisation and further growth. The founders will continue to hold a majority stake, while BU and other private co-investors will support expansion initiatives including additional European production capacity and increased digitalisation and e-commerce efforts.

Funds advised by Warburg Pincus LLC agreed to invest in Infoniqa, a provider of HR software and HR services solutions across the DACH region. The investment is made alongside existing investor Elvaston and Infoniqa management to support Infoniqa’s future growth.

European Directories’ majority-owned subsidiary dogado GmbH has acquired 100% of the share capital of easyname GmbH, an Austrian web hosting and domain provider. easyname will be integrated into the dogado group, with easyname CEO and founder Florian Schicker joining dogado’s leadership team while continuing to lead the Austrian business and international expansion. The acquisition supports dogado’s buy-and-build strategy and strengthens its position in the DACH hosting market.

ENGIE Ineo reached an agreement to acquire Powerlines, a European full-service provider of critical electrical infrastructure, from funds advised by Gilde Buy Out Partners. Powerlines, headquartered near Vienna, Austria, supports rail electrification (catenary systems) and high-voltage transmission and distribution infrastructure across central and northern Europe; the transaction is subject to customary merger clearance and financial terms were not disclosed.

QPS, LLC announced it has acquired a majority interest in JSW Life Sciences GmbH, an Austrian contract research organization (CRO) providing preclinical and Phase II–IV clinical drug development services. The deal expands QPS’s preclinical pharmacology capabilities and later-stage clinical operations footprint across Central and Eastern Europe, and JSW will operate under the name QPS JSW.