EDP

February 2022

BUYER

VertiGIS is a leading provider of geographic information systems ("GIS") solutions and software developers. With more than 5,000 customers in over 50 countries, VertiGIS is helping utilities and energy, real estate management, public sector, telecommunications and industrial companies connecting business processes and location technology. VertiGIS is backed by Battery Ventures (“Battery”), an American private equity firm founded in 1983. Battery invests globally in companies at all stages of growth, from startups to established market leaders, and has since start raised more than EUR 10 billion in capital.

TARGET

More than 90% of the Swedish municipalities use EDP Consult’s (“EDP”) software to perform and plan their day-to-day tasks. EDP works closely with Swedish regional authorities, government agencies and businesses to develop comprehensive GIS solutions for the public sector. The software is used in several business sectors such as water and sewage, waste management and building permit management. The company has c. 120 employees and a revenue of c. SEK 120 million.

SELLER

EDP’s founder

TRANSACTION

An exclusively negotiated transaction