NORDIC BIM GROUP acquired by HAWK INFINITY SOFTWARE
Context
Evolver Equity has finalized the sale of 100% of Nordic BIM Group to the investment firm Hawk Infinity. This exit marks the end of a cycle for the Evolver Fund I, which transformed NBG through a proactive "buy-and-build" strategy. The operation resulted in doubling the Annual Recurring Revenue (ARR) and establishing a presence across the entire Nordic region. For Evolver, this transaction constitutes a major success, generating a Multiple on Invested Capital (MoIC) exceeding 5.0x, significantly surpassing the fund's initial objectives. Hawk Infinity takes over to support the next phase of growth, focusing particularly on the expansion of the LCA (Life Cycle Assessment) software suite as environmental standards tighten.
The acquisition of Nordic Bim Group is part of the growth strategy of Hawk Infinity Software, which already has several external growth operations under its belt, notably Nytt Foretak in 2025.
NORDIC BIM GROUP, which reported an EBITDA margin of in 2024, 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 (15.1x).
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Target
Nordic BIM Group (NBG) is a leading pan-Nordic provider of Building Information Modelling (BIM) and Life Cycle Assessment (LCA) software, complemented by specialized consulting services. The organization serves the architecture, engineering, and construction (AEC) industries, enabling digital transformation through the distribution and implementation of advanced design and asset management tools. Over a five-and-a-half-year transformation period, the entity shifted its business model to focus on Annual Recurring Revenue (ARR), which successfully doubled. By integrating strategic acquisitions and enhancing its software capabilities, NBG evolved from a local distributor into a regional leader in sustainable building data and lifecycle management. The firm plays a critical role in the digitalization of the Nordic construction sector, providing the governance and technical infrastructure required for complex infrastructure projects.
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REFERENCES
Revenue range: 10M - 30M EUR
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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.
Target: nordic bim group
Acquirer: hawk infinity software