- Sector: Industrial Tech
- Deal Type: Strategic Deals; Private Equity Deals
- Engagement type: Sellside
- Size: $440 million
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Vero Software Limited (“Vero”) on its sale to Hexagon AB (NASDAQ OMX Stockholm: HEXA B).
Founded in 1988 and with headquarters in the UK, Vero is the leading global independent provider of Computer Aided Manufacturing software, with a presence in over 40 countries and more than 20,000 customers on maintenance worldwide. Backed by leading Technology investors Battery Ventures, Vero is a high growth company which recently achieved 24th place in the UK’s Sunday Times Profit Track 100 league table.
Hexagon is a leading provider of integrated design, measurement and visualisation technologies worldwide. The acquisition will strengthen Hexagon’s software offerings, supporting the growing need to integrate all data and processes across the manufacturing lifecycle. Vero will allow Hexagon to extend the reach of its newly developed metrology planning software to include manufacturing planning software.
This transaction, our thirteenth this calendar year, demonstrates Arma Partners’ continued strength in Software M&A and the firm’s ability to deliver outstanding outcomes for Private Equity-backed businesses.