Sale of ProCon Digital to Lyvia
Deal typeM&A
IndustryTechnology & Media
Sub-industryTechnology
Client nameProCon Digital AS
BDO Corporate Finance acted as lead advisor to the owners of ProCon Digital AS in the sale to Lyvia Group AB
Lyvia Group: A prominent European tech and software solutions group, specializing in business-critical and growth-enabling software and services.
Procon Digital AS: Founded in 1990, Procon Digital is a pioneer in digital self-service solutions, providing display solutions and InfoKiosks to various industries in Norway and Sweden.
On March 8th, 2024, Lyvia Group announced the acquisition of Procon Digital AS, marking a significant milestone in their expansion strategy. With this acquisition, Lyvia Group strengthens its position as a leading provider of business-critical and growth-enabling software and services in Europe.
Key Details:
Impactful Addition: Procon Digital contributes 5.5 NOK million in EBITDA to Lyvia Group and becomes the third company in Norway to join the group.
Industry Expertise: Procon Digital, founded in 1990, has established itself as a premier provider of digital self-service solutions, serving a diverse clientele including Norwegian municipalities, bank offices, and hospitals.
Strategic Alignment: The acquisition aligns with Lyvia Group's digital evolution goals, enriching their offerings and extending their presence in the Nordic region.
Shared Vision: Both companies aim to capitalize on synergies, leveraging Procon Digital's expertise in digital self-service solutions and Lyvia Group's resources and pan-European presence.
Lyvia Group: A prominent European tech and software solutions group, specializing in business-critical and growth-enabling software and services.
Procon Digital AS: Founded in 1990, Procon Digital is a pioneer in digital self-service solutions, providing display solutions and InfoKiosks to various industries in Norway and Sweden.
On March 8th, 2024, Lyvia Group announced the acquisition of Procon Digital AS, marking a significant milestone in their expansion strategy. With this acquisition, Lyvia Group strengthens its position as a leading provider of business-critical and growth-enabling software and services in Europe.
Key Details:
Impactful Addition: Procon Digital contributes 5.5 NOK million in EBITDA to Lyvia Group and becomes the third company in Norway to join the group.
Industry Expertise: Procon Digital, founded in 1990, has established itself as a premier provider of digital self-service solutions, serving a diverse clientele including Norwegian municipalities, bank offices, and hospitals.
Strategic Alignment: The acquisition aligns with Lyvia Group's digital evolution goals, enriching their offerings and extending their presence in the Nordic region.
Shared Vision: Both companies aim to capitalize on synergies, leveraging Procon Digital's expertise in digital self-service solutions and Lyvia Group's resources and pan-European presence.