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12/2024

TAGMASTER takes majority stake in QUERCUS TECHNOLOGIES

SPAIN Hardware & Electronics / IT Equipment / IoT & Connected Objects EV 0M - 15M EUR

Context

The acquisition of Quercus Technologies aligns with TagMaster's strategic objective of strengthening its position in intelligent mobility solutions and detection technologies for transportation infrastructure. This transaction enables the Swedish group to expand its offerings in the parking market while increasing its exposure to private sector clients, a complementary segment to its historical presence in the public sector. Beyond broadening its portfolio, TagMaster acquires technological expertise in computer vision, video analytics, and artificial intelligence applied to vehicle flow management. These technologies complement the group's existing expertise in sensors, detection, and access control systems for transportation environments. The acquisition also enhances the group's research and development capabilities and accelerates the development of new AI-based solutions for traffic and parking applications. Furthermore, the two companies have largely complementary geographic footprints, presenting opportunities for cross-selling and commercial development in several international markets. Through this acquisition, TagMaster consolidates its position in intelligent mobility systems and reinforces its ability to offer a comprehensive, integrated solution covering detection, identification, access control, and digital management of parking and transportation infrastructure.

QUERCUS TECHNOLOGIES, which reported an EBITDA margin of LOGIN in 2024, 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 (14.8x).

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.

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Target

Quercus Technologies is a Spanish provider of digital solutions for parking management and smart mobility. Founded in 1999 and headquartered in Reus, Spain, the company develops systems leveraging video analytics, computer vision, and artificial intelligence to automate access control, monitor parking infrastructure, and manage vehicle flow. Quercus designs and manufactures its own technological solutions, including automatic number plate recognition (ANPR/LPR) systems, parking management platforms, access control tools, and real-time information solutions for mobility infrastructure operators. These technologies enable optimized site operations, enhanced user experience, and improved facility security.

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Historical Financials (EUR)

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2024
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REFERENCES

Valuation range: EV 0M - 15M EUR

Revenue range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of QUERCUS TECHNOLOGIES by TAGMASTER 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

Target: quercus technologies

Acquirer: tagmaster