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.”
