mynth
12/2020

GEOMATIKK acquired by HG CAPITAL

NORWAY Software / Industry-Specific Software REV 1m EUR - 100m EUR

Context

Hg has finalized a majority investment in Geomatikk Group, a maneuver designed to fundamentally accelerate the group’s transformation into a European champion of underground mission-critical GIS data. The strategic rationale for this transaction centers on a "tech-scaling" play, merging the target's technical operational depth in infrastructure protection with the acquirer's proven track record in building business-critical software platforms. This structural alignment provides the organization with the institutional capital and strategic expertise required to pursue a definitive expansion beyond its core Nordic markets into broader Northern Europe. The operation specifically aims to replicate the successful "Visma model" of growth through systematic software enhancement and geographic consolidation. By incorporating the sponsor's strategic discipline and appoints of high-level industrial expertise to the board, the group is now positioned to leverage an integrated technology backbone to address the entire excavation ecosystem.

GEOMATIKK, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

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

Target

Geomatikk Group operates as a premier technology-enabled organization dedicated to the engineering and distribution of infrastructure protection and management solutions. The entity’s business model is centered on a proprietary digital framework that integrates advanced detection services with specialized software to mitigate the risk of accidental damage to underground utility networks, including power, fiber, and water systems. Its value proposition is anchored in technical operational depth, providing a mission-critical platform that connects asset owners, municipalities, and contractors through data-driven insights and AI-powered automation. Strategically, the firm focuses on the deployment of industrialized safety standards to ensure the undisrupted access of essential societal functions during excavation and construction activities. By maintaining a specialized focus on technical reliability and real-time network mapping, the organization facilitates the structural advancement of utility management standards across Northern Europe. The group prioritizes long-term value creation through the convergence of field expertise and high-performance digital infrastructure.

Ent. Value

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Historical Financials (EUR)

Year
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2020
2019

Other operations with GEOMATIKK

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2026AXCELGEOMATIKKNORWAYIndustry-Specific Software

REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: hg capital