Glenigan acquired by leading European information provider, Byggfakta Group
December 15th 2020: Today we can announce that Glenigan has been acquired by Byggfakta Group, subject to European Commission Competition Approval.
Byggfakta Group (formerly known as DOCUnordic) is the leading provider of business intelligence, data analytics services, and tendering software to the construction, real estate and healthcare markets across the Nordic, Iberian and DACH regions. Byggfakta Group has around 700 employees working from offices in Sweden, Denmark, Norway, Finland, Switzerland, Czech Republic, Portugal and Spain and is a portfolio company of Stirling Square Capital Partners and TA Associates.
The purchase of Glenigan for £72.9m, alongside the recent acquisition of the construction technology platform NBS, sees Byggfakta Group enter the UK market.
CEO of Byggfakta Group, Stefan Lindqvist, says “Glenigan is the UK's leading company in construction project information, which is a core business for us, and a company that we have followed for a long time. We see great opportunities to launch new services and products in the markets where we are present today by using each other's strengths. Glenigan is important to us in our efforts to become Europe's leading player in digitizing the Construction and Real Estate industries.”
Glenigan’s Managing Director, Vicci McEwen, says “Ascential has been a happy home for us but joining the Byggfakta group will be a game changer. Byggfakta have a wealth of experience and success running lead businesses, just like ours, right across Europe and they truly understand our business model. Byggfakta is the home that I genuinely believe is the right one for Glenigan.”