Admincontrol Acquisition Boosts Euronext's SaaS Ambitions
Deal News | Mar 13, 2025 | Globenewswire
Euronext has announced its acquisition of Admincontrol, a leading provider of governance and secure collaboration SaaS solutions, from Visma. The acquisition aligns with Euronext's 'Innovate for Growth 2027' strategic plan, aiming to scale up its SaaS offerings and increase subscription-based revenues. This move will strengthen Euronext Corporate Solutions' presence in the Nordics and the UK, more than doubling the size of its governance capabilities. Founded in 2005 and based in Oslo, Admincontrol serves over 4,000 clients with its board management and transaction solutions. The deal, valued at NOK 4,650 million, is expected to close by Q2 2025, contingent upon regulatory approval. The transaction supports Euronext's goal to enhance its market presence in the Nordics following previous acquisitions in the region.
Sectors
- Financial Services
- Software as a Service (SaaS)
- Corporate Governance
Geography
- Nordics – Admincontrol has a strong customer base and market presence in the Nordic countries, which is a key geographical focus for the acquisition.
- United Kingdom – Admincontrol's operations extend into the UK, further complementing Euronext's geographic strategy.
Industry
- Financial Services – This industry classification is relevant as Euronext operates within the financial services sector, providing capital market infrastructure.
- Software as a Service (SaaS) – Admincontrol operates within the SaaS industry, delivering governance and collaboration software solutions.
- Corporate Governance – Given Admincontrol's focus on governance solutions, this classification reflects the core service offerings of the participating companies.
Financials
- NOK 4,650 million – The enterprise value of Admincontrol for the acquisition by Euronext.
- NOK 452 million – Admincontrol's revenue for the year ending December 2024.
- NOK 200 million – Admincontrol's EBITDA for the year ending December 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Euronext | Acquirer | Company | A leading European capital markets operator providing a range of services from trading to clearing and settlement. |
| Admincontrol | Target | Company | A software company offering governance and secure collaboration SaaS solutions, headquartered in Oslo. |
| Visma | Seller | Company | A European software company that has owned Admincontrol since 2017. |
| Stéphane Boujnah | CEO of Euronext N.V. | Person | Key executive commenting on the strategic importance of the acquisition. |
| Merete Hverven | CEO of Visma | Person | Provided insights into Admincontrol's performance and strategic fit with Euronext. |
| Møyfrid Øygard | CEO of Admincontrol | Person | Discussed the benefits and future potential of joining Euronext. |