Sogelink, a portfolio company of Keensight Capital, has acquired its Dutch counterpart Locatiqs, a developer of software for outdoor/public spaces. The acquisition involves an amount between €100 mln and €150 mln. Together, the two companies want to offer their software throughout Europe.
Locatiqs makes applications that allow companies to see how land and public spaces are arranged. This allows builders and groundworkers to see where cables and pipelines are located, for all kinds of purposes, such as fiber optics. Locatiqs’ applications are also used by policy makers to find out which zoning plan applies to which specific area. The company has approximately 250 employees and is active in, among others, Germany, Switzerland, and the United Kingdom. With Main Capital Partners as a shareholder, Locatiqs’ turnover has grown from €6 mln to €35 mln.
Sogelink acquired eight companies in the past five years, after the acquisition of Locatiqs it has more than 650 employees and a turnover of more than €130 mln. By merging Sogelink and Locatiqs, the two companies can benefit from each other’s knowledge and serve a broader market in Europe.
Keensight Capital is a leading European investor focused on the Technology and Healthcare sectors. It supports management teams in developing strategic visions and implementing these.
Together with ING Corporate Finance, Florin advised Sogelink and its shareholder Keensight Capital in the acquisition of Locatiqs.