Topicus.com Inc. set to acquire Cipal Schaubroeck
Deal News | Jan 14, 2025 | Globenewswire
Topicus.com Inc., a subsidiary of Constellation Software Inc., has announced that it has reached a binding agreement to acquire Cipal Schaubroeck NV, a Belgium-based vertical market software company, through its subsidiary Total Specific Solutions (TSS) B.V. The acquisition involves the transfer of all issued and outstanding shares in Cipal Schaubroeck NV, which specializes in providing software to the local government sector. With revenues amounting to approximately 110 million euros in 2024 and a workforce of over 590 employees, Cipal Schaubroeck NV represents a significant addition to Topicus’ portfolio. The transaction is anticipated to close in the first quarter of 2025, pending standard regulatory approvals from Belgian authorities.
Sectors
- Software and Technology
- Public Sector and Government
- Mergers and Acquisitions
Geography
- Belgium – Cipal Schaubroeck NV is based in Belgium and operates in the local government sector there, making Belgium a central geography for this transaction.
- Canada – Topicus.com Inc. is a subsidiary of Constellation Software Inc., which is headquartered in Toronto, Canada, marking it relevant to the transaction.
Industry
- Software and Technology – The article involves Topicus.com Inc. and Cipal Schaubroeck NV, both of which operate in the software industry providing vertical market solutions.
- Public Sector and Government – Cipal Schaubroeck NV specializes in providing software solutions to the local government sector, which is a key market in the public sector.
- Mergers and Acquisitions – The article discusses the acquisition of Cipal Schaubroeck NV by Topicus.com Inc., highlighting a significant M&A activity.
Financials
- 110M – Annual gross revenues of Cipal Schaubroeck NV in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Topicus.com Inc. | Acquirer | Company | A pan-European provider of vertical market software and platforms, subsidiary of Constellation Software Inc. |
| Cipal Schaubroeck NV | Target Company | Company | A Belgium-based vertical market software provider, active in the local government sector. |
| Constellation Software Inc. | Parent Company of Acquirer | Company | A company that acquires, manages, and builds vertical market software businesses. |
| Total Specific Solutions (TSS) B.V. | Acquiring Subsidiary | Company | A subsidiary of Topicus.com Inc., involved in the acquisition of Cipal Schaubroeck NV. |
| Jamal Baksh | Chief Financial Officer | Person | The CFO of Topicus.com Inc., likely involved in financial aspects of the acquisition. |
| CIPAL NV | Selling Company | Company | One of the entities selling shares in Cipal Schaubroeck NV. |
| Mr. Schaubroeck | Selling Party | Person | Involved in the sale of shares of Cipal Schaubroeck NV. |