mynth
08/2023

EMAPSITE acquired by IDOX

UNITED KINGDOM Software / Industry-Specific Software / Construction / Real Estate EV 10M - 30M GBP

Context

Idox has finalized the acquisition of Emapsite to significantly bolster its geographic information systems (GIS) and geospatial data capabilities. This transaction represents a pivotal step in the group’s overarching data strategy, aiming to provide a more comprehensive suite of spatial intelligence tools to its existing client base in the public and asset-intensive sectors. The integration of the Farnborough-based specialist follows a series of previous acquisitions in the geospatial space, including Aligned Assets and thinkWhere, effectively creating a high-scale geospatial line of business that now accounts for a substantial portion of the group's total pro-forma revenue. The strategic rationale focuses on the high degree of complementarity between the two organizations' data service models. By combining specialized GIS data provision with industrial software solutions, the group creates robust cross-selling opportunities across the land, property, and public protection segments. Furthermore, the acquisition enhances the group's ability to serve high-growth verticals such as telecommunications and construction, where spatial data is essential for network planning and site development. This move consolidates the group's position as a primary technical partner for geospatial information management in the UK market.

EMAPSITE, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Emapsite is a specialist provider of geographic information systems (GIS) and geospatial data solutions, serving as a critical intelligence partner for the UK land and property sectors. The organization’s business model centers on the curation and delivery of high-accuracy location-based data across diverse vertical industries, including energy, infrastructure, telecommunications, and construction. Its value proposition is built on providing a centralized platform for complex mapping and spatial analysis, enabling clients to mitigate risks and optimize asset management through technical data insights. Strategically, the firm focuses on the seamless integration of geospatial intelligence into industrial workflows, facilitating more informed decision-making for large-scale infrastructure projects. By maintaining a niche focus on spatial information management, the entity helps organizations navigate regulatory and environmental complexities within the built environment.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2023
LOGIN
LOGIN
LOGIN
2022
LOGIN
LOGIN
LOGIN

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
10/2023CAPZATRAVELSOFTFRANCESoftware

Capza invested nearly EUR100M to acquire a 13% stake (via preferred shares) and refinance the group's debt. This transaction allowed the exit of Andera Acto. The founder, Christian Sabbagh, remains the majority shareholder (>70%)

09/2023HG CAPITALNOMADIAFRANCESoftware

The British private equity firm Hg acquires a majority stake in Nomadia from Chequers Capital. This secondary LBO values the French software publisher at over EUR100 million. The management team, led by Fabien Breget, reinvests significantly alongside Hg

08/2023POLLEN STREET CAPITALASSESSIOSWEDENSoftware

Pollen Street Capital has acquired a majority stake in Assessio from Main Capital Partners. This transaction marks the culmination of a successful transformation phase where the company pivoted from a consultancy-driven model to a scalable SaaS business

08/2023EQT PARTNERSSUSEGERMANYSoftware

EQT Private Equity, holding approximately 79% of SUSE’s shares, initiated a voluntary public purchase offer to acquire all remaining outstanding shares. The strategic objective is to transition SUSE from a publicly traded entity on the Frankfurt Stock Exchange to a private company

07/2023SANTIANEAPPLI-KEYFRANCESoftware

The acquisition of Appli-Key by Santiane marks a strategic expansion of the latter's capabilities in the InsureTech sector, enabling the company to strengthen its market position and accelerate its growth

05/2023TA ASSOCIATES / MONTAGU PRIVATE EQUITYHARVESTFRANCESoftware

TA Associates and Montagu acquired a majority stake in Harvest from Five Arrows (Rothschild & Co), which had owned the company since 2019. Five Arrows successfully delisted the company in 2020 (valued at EUR120M then) and executed a rapid build-up strategy

05/2023LIGHT & WONDERSCIPLAY CORPORATIONUNITED STATESSoftware

Light & Wonder has entered into a definitive agreement to acquire SciPlay Corporation. This transaction results in the full integration of SciPlay as a wholly-owned subsidiary, leading to the delisting of SciPlay from the Nasdaq Global Select Market

05/2023EDENREDREWARD GATEWAYUNITED KINGDOMSoftware

Edenred acquired 100% of Reward Gateway. Strategically, this is a "platform expansion" play. Edenred aims to take Reward Gateway's proven technology (currently strong in the UK/Australia) and roll it out across its own massive footprint in continental Europe (France, Belgium, Germany, Italy, Spain, Romania)

05/2023SILVER LAKETEAMSYSTEMITALYSoftware

Technology investment firm Silver Lake has entered into a definitive agreement to acquire a significant minority equity stake in software provider TeamSystem. Following the completion of the transaction, which remains subject to customary closing conditions and regulatory approvals, Hellman & Friedman (H&F) will retain its position as the controlling majority shareholder

04/2023SUMMIT PARTNERSDOCTRINEFRANCESoftware

Summit Partners has finalized the landmark acquisition of a majority stake in Doctrine, representing the largest transaction to date in the French LegalTech ecosystem. The deal, valued above 100 million EUR, marks a significant entry for the US-based growth equity firm into the European legal intelligence market, utilizing its dedicated European investment vehicle

REFERENCES

Valuation range: EV 10M - 30M GBP

Revenue range: 5M - 25M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EMAPSITE by IDOX are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: idox