OSLO, NORWAY: Sikri Holding AS, a number one supplier of software program and services towards the private and non-private sectors, has entered right into a binding settlement with the Kingdom of Sweden regarding the acquisition of 100% of the shares in Metria AB.
Metria provides IT options and services in GIS, geodata, enterprise and actual property information and geodetic surveying to authorities, municipalities and companies. The firm makes use of geographic information to digitize and automate customers’ processes and enhance decision-making.
The agreed enterprise worth is SEK 650 million per 31 December 2021 (purchase price of SEK 724.3 million). The transaction will shut later today, 1 April, 2022. Financing of the transaction is secured from a mixture of existing funds and new funds to be obtained from financial institution financing.
ABG Sundal Collier acted as monetary advisor and AGP Advokater and Baker McKenzie (Sweden) acted as authorized advisor to Sikri Holding in reference to the acquisition of Metria.
Sikri Holding has developed from a software program home specializing in software program and services towards the general public sector, to becoming a number one firm additionally inside property data, property technology and data economics inside the Nordics.
Metria was formed in 2011 in conjunction with the corporatization of a division of Lantmäteriet (the Swedish Mapping authority).
The firm has near 250 employees throughout 20 locations in Sweden. Metria has an organisational construction with two distinct enterprise areas, Geoinformation and Planning & Surveying, every with full product and repair offerings.
Main customers are represented in a number of industries such as Public, Finance, Energy, Telecom, Forestry and Infrastructure.
Within Planning & Surveying, Metria offers measurement of land areas in addition to planning services forward of various types of construction projects. Metria’s consolidated income for 2021 was SEK 428 million, with an EBITDA-margin of 10.5%. Metria currently reports in accordance to Swedish GAAP and doesn’t currently capitalize development costs. Identified potential capitalization will result in an adjusted 2021 EBITDA-margin of 12.2%.
Both Sikri Holding and Metria see expansion throughout the Swedish-Norwegian border as a pure and strategically sound subsequent step, and as a steppingstone for additional Nordic expansion.
The mixture of Sikri Holding and Metria will strengthen each companies financially, competitively, geographically and from a product offering- and competence perspective. Metria’s strong place inside the marketplace for property and actual property information in Sweden is to a big extent similar to Sikri Holding’s place inside the identical market in Norway, through Ambita.
However, the 2 companies even have complementary strengths as a good foundation for synergies. Prognoscentret AB is already current in Sweden, however will be strengthened by leveraging Metria’s data and buyer base. The mixed forces will guarantee a strong Nordic platform with scale, in addition to monetary and aggressive strength to proceed expanding.
CEO of Sikri Holding, Nicolay Moulin, says the acquisition of Metria provides the group with stronger presence in Sweden. Sikri Holding already has a strong place inside public administration, property technology, evaluation and data – combining this with Metria’s main place in geoinformation and planning and surveying will lay the grounds for additional growth inside the Nordics, says Moulin.
CEO of Metria, Anders Hugosson, is very happy with becoming a half of Sikri Holding. – Sikri Holding as a brand new proprietor will give Metria a strengthened place for additional growth and innovation. Our merchandise and services are extremely complementary and can allow development of new services, creating lasting values for our customers. This will, with out a doubt, strengthen our positions in each markets.
Following the acquisition of Metria, Sikri Holding is considering a switch of itemizing venue from Euronext Growth to the Oslo Stock Exchange.
www.sikriholding.com