Helsinki, Finland and Oslo, Norway 31st May 2021: Geomatikk Group (“Geomatikk”), and Keypro Oy (“Keypro”) have signed a share purchase agreement, Geomatikk will under this agreement acquire 100% of the shares in Keypro Oy. Closing is planned on 10th June 2021, contingent upon approvals.
The terms of the transaction are not disclosed.
Keypro is a leading company within the Network Information System (NIS) sector in Europe, providing software to document various types of infrastructure, including electronic communication networks, electricity networks, water supply, gas distribution and district heating networks.
Geomatikk, which is already an industry leader in the Nordics and headquartered in Oslo, Norway, has recently entered the UK and is planning to expand further into the Northern European region. Geomatikk is backed by its majority investor Hg, a leading global investor in software and services.
The acquisition is a logical next step after Keypro and Geomatikk have cooperated for some time. Geomatikk is a distributor of Keypro software in Norway, Sweden and the UK, and the parties have developed a solution to exchange enquiries for the check before you dig service in Finland – launched this spring.
“Geomatikk and Keypro have complementary businesses and there are several advantages to joining forces and providing a complete offering of documentation and protection services for network owners.” says Knut Bratsberg, CEO of Geomatikk. “This is particularly true in the Fiber to the Home (FTTH) sector in Europe which is growing rapidly. There is increasing demand from customers for a combined software and services solution which we can now offer. Together we will continue to become a one-stop source for network owners and the construction industry across Northern Europe.”
Keypro Oy will continue as a separate legal entity with the same products and services following the acquisition. Becoming part of Geomatikk will provide more resources and opportunities for further development and market access for the Keypro software suite.
“These are very exciting times for Keypro and Geomatikk, with some great benefits to the customers of both businesses. This will, for instance, provide beneficial synergies in Finland – the countrywide field coverage of Geomatikk Finland is complementary to the strong offering provided by Keypro’s safe to dig service. Together both companies will look to improve the service for network owners and excavation companies,” said Ari Rummukainen, Chairman of Keypro.
For more information please contact:
Ari Rummukainen, Keypro, +358 5051 49631
Knut Bratsberg or Jarmo Jormakka, Geomatikk, +47 9013 1218 / +358 40 568 3355