Axcel has reached a definitive agreement to acquire Geomatikk Group from Hg, a maneuver designed to fundamentally accelerate the group’s pan-European expansion strategy. The strategic rationale for this transaction centers on a "platform-scaling" play, merging the target's industry-leading technical operational depth in infrastructure protection with the acquirer's extensive Nordic network and track record in professional services. This fusion effectively provides the organization with the institutional capital and strategic backing required to pursue a definitive structural expansion into new European territories. Following a period of intensive digital transformation under previous ownership, the organization has evolved into a high-performance software and services platform. By incorporating the sponsor's strategic discipline, the group is now positioned to leverage AI-driven automation to address the increasing complexity of global utility management. The maneuver optimizes the group's financial flexibility, enabling it to pursue further bolt-on acquisitions and reinforce its technological leadership.

GEOMATIKK, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the 13.6x average currently observed in the TMT (Tech, Media, Telecom) sector.

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