Oslo, Norway 13th June 2022: Geomatikk Group and Micado AS have signed a share purchase agreement, in which Geomatikk has acquired 100 % of the shares in the Norwegian software company Micado AS as of June 2nd.
In 2021 Geomatikk Group had a revenue of 857 MNOK with a profit (EBITDA) of 157 MNOK, which is an increase from 144 MNOK in 2020. In the same year, the London-based company Hg Capital, became the majority owner of the company.
Micado is the leading provider of fiber documentation software in Norway with about 130 customers, primarily in the Norwegian market. In 2021 Micado AS had revenues of approximately 15 MNOK and a profit of 7.4MNOK.
Micado provides four main products: TelMeWeb, TelMePlan, TelMe and Kartserver.no. and provides software for planning, operations and maintenance to some of the largest fiber network providers in Norway. These are tools and solutions for planning, documentation and operation of physical fiber networks that are delivered to some of the largest fiber network suppliers in Norway. Micado possesses strong expertise in the combination of geographical information systems and fiber networks.
Providing software and services for fiber documentation is a natural expansion in Geomatikk’s value chain and with Micado as part of our team we are expanding our product offerings to our existing customer base. By doing this, we will continue to invest in product development and transitioning to a SaaS-based product portfolio.
Geomatikk is a company we have known well for many years, and by becoming part of a larger company, we will get access to resources and expertise in sales, marketing and IT operations, which will contribute to further growth and development of Micado’s software portfolio. Also, our developers will be part of a larger community with the benefits this provides in a SaaS-world that places even higher demands on vendors, says Paul Hinsch, Managing director and founder of Micado.
Micado is incredibly talented and has really succeeded in the market by delivering exceptional user-friendly solutions with a strong focus on solving customer’s needs. We are now looking forward to getting Paul and his team into the Geomatikk Group and to further developing the company and the products together, says Geir Hansen, CEO of Geomatikk Group.
Micado AS had revenues of approximately 15 MNOK in 2021 with a profit of 7.5 MNOK. The company currently has 5 employees with office in Lysaker in Oslo.
Geomatikk Group had revenues of 857 MNOK in 2021 with a profit (EBITDA) of 157 MNOK. The group has 800 employees in 4 countries, with headquarters in Norway.
For more information:
Geir Hansen, CEO Geomatikk Group – firstname.lastname@example.org, mobile 90 17 28 76.
Paul Hinsch, Managing director Micado AS – email@example.com, mobile 93 40 65 47.