Vitec Software Group AB’s Acquisition ofVabi Holding B.V.

HVG Law advised the shareholders of Vabi Holding B.V. on the deal.

Vabi Holding B.V., supplier of software for energy certification, energy advice and building simulation, has been acquired by the Swedish Vitec Software Group AB. Vitec, the market leader for vertical market software in Scandinavia, is setting its first foot outside the Scandinavian market.

Vabi Holding B.V. reported sales of EUR 6.8 million with an EBITDA result of EUR 4.25 million for the 2020 financial year.

Vabi develops and provides software that contributes to sustainable and efficient energy management for the real estate industry. The products have several functions such as decision support systems, user-friendly 3D simulations and energy certification for reduced climate impact.

Payment will be in cash. The acquisition is expected to yield an immediate increase in earnings per share for Vitec. Consolidation will commence as of the acquisition date.

The HVG Law team included Jan Andringa, Michiel D’haene, Shailesh Lachman, Francijn de Rotte, Jesse Trommel, Evelien Zoetelief, Merel Zwankhuizen.

Involved fees earner: Jan Andringa – HVG Law LLP ; Francijn de Rotte – HVG Law LLP ; Michiel D’haene – HVG Law LLP ; Shailesh Lachman – HVG Law LLP ; Jesse Trommel – HVG Law LLP ; Evelien Zoetelief – HVG Law LLP ; Merel Zwankhuizen – HVG Law LLP ;

Law Firms: HVG Law LLP ;

Clients: Vabi Holding B.V.;

Author: Federica Tiefenthaler