CONTENTSERV acquired by CENTRIC SOFTWARE

TXT e-solutions entered into a binding agreement to acquire 100% of IT Values S.r.l. to bolster its specialized "Smart Solutions" portfolio for the public sector. The transaction was structured with an 80% cash payment and a 20% stock payment in TXT shares to ensure the long-term alignment of the target’s leadership. This acquisition builds on existing commercial partnerships between IT Values and TXT's subsidiaries, WebGenesys and HSPI. Beyond the initial price, the deal includes a performance-based earn-out of up to €2.5 million linked to growth targets through 2028, reflecting a strategy aimed at capturing a significant share of the Italian public administration's digital transformation budget.

Hawk Infinity Software (HIS) has entered into a definitive agreement to sell 100% of Jotta AS to a newly established strategic joint venture (SJV) owned 50/50 by HIS and Telenor. The Transaction involves the combination of Jotta with Telenor Software Lab AS (TSL), the provider of the "Min Sky" cloud service. The strategic rationale for the deal is to create a dominant Norwegian alternative to international cloud providers, boasting over 2 million active users and expected revenues exceeding 200 MNOK in 2025. For HIS, this represents a significant crystallization of value for its first majority SaaS investment made in 2016, which has seen a 300% revenue increase under its tenure. The net cash proceeds are earmarked for further M&A opportunities and general corporate purposes. The transaction, which is subject to Norwegian competition authority approval, will also result in a corporate restructuring where Jotta is replaced by a new subsidiary, SH Int AS, within the HIS bond obligor group, while the SJV itself will transition to a non,consolidated ownership model.

Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire 100% of ROQC Data Management AS. The strategic rationale for the acquisition is to integrate ROQC’s high,margin subsurface data management technology into HIS’s expanding portfolio of industry,specific software. ROQC has demonstrated a strong track record of balancing top,line growth with improving profitability, currently generating LTM revenues of NOK 53 million and an LTM EBITDA of NOK 28 million. This move allows HIS to penetrate the energy and geoscience software vertical while benefiting from ROQC's established SaaS business model and its solid foundation for long,term growth. The acquisition marks another step in HIS's consolidation strategy, acquiring specialized B2B software leaders that offer non,disruptible technological solutions and exceptional cash flow conversion.

Hawk Infinity Software (HIS) has successfully completed the acquisition of 100% of Baze Technology. The strategic rationale for the acquisition is to integrate a high,performing, specialized IPTV and infotainment platform into HIS's vertical software portfolio. Baze Technology brings a strong financial profile, with LTM revenues of NOK 153.4 million and an LTM EBITDA of NOK 42.6 million. This move allows HIS to penetrate the maritime and hospitality software sectors while benefiting from Baze's established global customer base and technical leadership. The sale process, which was initiated in early 2024, was managed by Deloitte Corporate Finance, acting as the exclusive financial advisor to the sellers. This acquisition strengthens HIS's position as a leading consolidator of mission,critical B2B software in the Northern European market.

Hawk Infinity Software (HIS) has entered into a definitive agreement to acquire 100% of Symplify Technologies AB. The deal structure includes a "contingent consideration" (earn-out) mechanism, where additional payments will be granted if Symplify meets ambitious free cash flow growth targets over the coming years. The strategic rationale for HIS is to integrate a market-leading customer engagement tool into its growing software ecosystem, capitalizing on Symplify's established presence in the FinTech and Sports-betting niches. The acquisition was funded through a combination of available liquidity, release from escrow accounts, and an equity issue in HIS toward its parent, Hawk Infinity AS. For Symplify, joining the Hawk Infinity group provides the financial backing necessary to further develop its AI capabilities and scale its global SME customer base.

Egeria, in partnership with the management team, has successfully finalized the acquisition of Implico’s SAP software business through a strategic carve-out transaction. This move involved the separation of the terminal management division into a standalone entity, OpenTAS GmbH, which remains with the previous shareholders. The strategic rationale for the acquisition centers on positioning the target as a dedicated growth platform for industry-specific SAP software solutions. By focusing exclusively on its role as a SAP Solution Extension (SOLEX) partner, the organization is poised to capitalize on the mandatory global migration to SAP S/4HANA and the discontinuation of legacy ECC support by 2027.

TA Associates has successfully completed a voluntary public tender offer to acquire all outstanding shares of Nexus AG. By the expiration of the additional acceptance period in January 2025, TA secured 94.95% of the shares, including 26.9% previously committed by key shareholders through irrevocable undertakings. The strategic rationale for the transaction is to delist Nexus from the Frankfurt Stock Exchange (SDax) to increase operational flexibility and focus on long-term growth. TA aims to accelerate Nexus’s development through significant investments in Research & Development, specifically targeting cloud computing and AI-driven diagnostic solutions. Taking the company private allows management to pursue a more aggressive "buy-and-build" strategy through strategic acquisitions across Europe without the short-term pressures of public reporting. The settlement of the offer is expected in Q1 2025, following customary regulatory and foreign investment control clearances.

Owned since 2019 by Initiative & Finance, Ymag (a software publisher specializing in professional training and a leader in the apprenticeship sector) has announced its acquisition by Septeo (a leading software publisher in Europe).

Hexagon has entered into a definitive agreement to acquire the Geomagic software business from 3D Systems. This strategic carve-out allows 3D Systems to refocus on its core additive manufacturing hardware while enabling Hexagon to consolidate its lead in the 3D metrology and inspection market. The acquisition is highly synergistic, as Geomagic’s reverse engineering and CAD modeling tools perfectly complement Hexagon’s existing sensors and software portfolio. Financially, the deal is attractive as the target generates roughly $30 million in annual revenue with operating margins that are accretive to Hexagon’s existing Manufacturing Intelligence division. The transaction is subject to customary regulatory approvals and is expected to close in the second quarter of 2025.

TeamViewer has entered into a definitive agreement with Carlyle Europe Technology Partners to acquire 100% of 1E on a cash-free, debt-free basis. Financed via existing credit lines and new debt instruments, the transaction structures the integration of the London-based digital employee experience platform into the purchasing group's corporate network. The operational scope incorporates a workforce of approximately 300 employees. The transaction marks a transformational expansion into the Digital Workplace Management and Digital Employee Experience (DEX) sectors. Prior to the acquisition, TeamViewer’s core competencies centered on remote access, control, and support expertise. By absorbing 1E's autonomous IT platform, the group creates an end-to-end service offering capable of real-time visibility, automated endpoint remediation, and proactive technological troubleshooting.