Visma Expands with Acquisition of Link My Books, Solidifying EU Software Dominance
Deal News | Feb 12, 2025 | Burges Salmon
Visma, a Norway-based global leader in B2B cloud software solutions, has solidified its position as a dominant force in the European software market by acquiring PDLC Tech Ltd, known as Link My Books. This acquisition is a strategic move to enhance Visma's offerings in ecommerce accounting automation. With a valuation of $19 billion, Visma operates over 190 companies and serves two million customers worldwide. The legal advisory for the acquisition was provided by UK's independent law firm Burges Salmon, which deployed a multi-disciplinary team to cover corporate, employment, commercial, and tax aspects. Burges Salmon's team was spearheaded by corporate partner Danny Lee, indicating the firm's expertise in handling complex international M&A transactions. The deal underscores Burges Salmon's capability to support international expansion for both UK-based businesses and overseas companies venturing into the UK market.
Sectors
- B2B Cloud Software
- Ecommerce Accounting Automation
- Legal Services
Geography
- Norway – Visma is headquartered in Oslo, Norway, and plays a significant role in the narrative as the acquiring company in this cross-border acquisition.
- United Kingdom – PDLC Tech Ltd (Link My Books) is a UK-based company, and Burges Salmon, a UK law firm, advised on the transaction, making the UK a central location in the deal.
Industry
- B2B Cloud Software – The article focuses on Visma, a leader in B2B cloud software solutions, highlighting its strategic expansion in this industry through acquisition.
- Ecommerce Accounting Automation – The acquisition of Link My Books, a platform known for its ecommerce accounting automation, marks significant activity in this niche sector.
- Legal Services – Burges Salmon provided legal advice, showcasing the role of legal services in facilitating significant corporate transactions.
Financials
- 19 billion – Valuation of Visma prior to the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Visma | Acquiring Company | Company | A global leader in B2B cloud software solutions based in Oslo, Norway. |
| PDLC Tech Ltd (Link My Books) | Target Company | Company | A UK-based leading platform specializing in ecommerce accounting automation. |
| Burges Salmon | Legal Advisor | Company | An independent UK law firm providing legal advice on the acquisition. |
| Danny Lee | Lead Legal Advisor | Person | A partner at Burges Salmon leading the Corporate and M&A team on this transaction. |