NEWS
GA_P advises Visma on the acquisition of Woffu
27 of April, 2022
Gómez -Acebo & Pombo has advised the Norwegian giant Visma, specialised in software services, on its second acquisition in Spain in less than a week. After the purchase of the startup “Declarando”, the group has just taken over the Barcelona-based time and attendance company Woffu.
The deal will enable Visma to strengthen its cloud-based time and attendance software offering in the Spanish market, although Woffu will continue to operate as an independent company and maintain its brand.
In addition to the acquisitions of Woffu and Declarando, Visma made its debut in the Spanish market last year with the purchase of Holded for 190 million euro. This company, which has developed software for enterprise resource planning, had positioned itself as one of the most vibrant start-ups in the Spanish innovation ecosystem and its integration into the Norwegian group was motivated by the idea of strengthening its presence in the market as a reference in ERP and accounting software in the cloud for small and medium-sized enterprises.
Alex Pujol and Mónica Martells, Corporate and Commercial partner and associate, advised on the transaction.
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The deal will enable Visma to strengthen its cloud-based time and attendance software offering in the Spanish market, although Woffu will continue to operate as an independent company and maintain its brand.
In addition to the acquisitions of Woffu and Declarando, Visma made its debut in the Spanish market last year with the purchase of Holded for 190 million euro. This company, which has developed software for enterprise resource planning, had positioned itself as one of the most vibrant start-ups in the Spanish innovation ecosystem and its integration into the Norwegian group was motivated by the idea of strengthening its presence in the market as a reference in ERP and accounting software in the cloud for small and medium-sized enterprises.
Alex Pujol and Mónica Martells, Corporate and Commercial partner and associate, advised on the transaction.
Read full article
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