Cipal Schaubroeck to be Acquired by Total Specific Solutions
Deal News | Jan 14, 2025 | Globenewswire
Topicus.com Inc., through its subsidiary Total Specific Solutions (TSS) B.V., has announced a binding agreement to acquire Cipal Schaubroeck NV, a Belgium-based vertical market software provider focused on the local government sector. With annual revenues of around €110 million in 2024 and employing over 590 individuals, Cipal Schaubroeck represents a significant acquisition for Topicus.com, which is a leading provider of vertical market software in Europe. The acquisition is a strategic move to bolster Topicus.com's presence in the European local government market. The deal is anticipated to close in the first quarter of 2025, pending standard closing conditions including approval from the Belgian Interfederal Screening Commission.
Sectors
- Software
- Government Services
Geography
- Belgium – The target company, Cipal Schaubroeck, operates in Belgium, making this geography relevant to the acquisition.
- Europe – Topicus.com is a pan-European software provider, and the acquisition of Cipal Schaubroeck represents a strategic expansion in the European market.
Industry
- Software – The article discusses the acquisition of Cipal Schaubroeck, a company that provides vertical market software, highlighting the software industry's role.
- Government Services – Cipal Schaubroeck is involved in providing software solutions to the local government vertical, placing it within the government services industry.
Financials
- €110 million – Annual gross revenues of Cipal Schaubroeck NV in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cipal Schaubroeck NV | Target | Company | A Belgium-based provider of vertical market software solutions for the local government sector. |
| Topicus.com Inc. | Bidding Company | Company | A pan-European provider of vertical market software and platforms, acquiring Cipal Schaubroeck through its subsidiary. |
| Total Specific Solutions (TSS) B.V. | Bidding Company | Company | A subsidiary of Topicus.com Inc. involved in entering into a binding agreement to acquire Cipal Schaubroeck. |
| Constellation Software Inc. | Parent Company | Company | Parent company of Topicus.com Inc., involved in acquiring and managing vertical market software businesses. |
| CIPAL NV | Selling Company | Company | A party involved in the sale of Cipal Schaubroeck NV. |
| Mr. Schaubroeck | Selling Party | Person | An individual involved in the sale of Cipal Schaubroeck NV. |