
Insider information: Admicom has signed an agreement to acquire Estonian Bauhub OÜ, enabling stronger focus on international expansion and unique project management suite for construction3.12.2024 10:00:00 EET | Admicom Oyj | Press release
Unofficial translation of the company release on December 3, 2024 at 9:56 a.m. EET. In case the document differs from the original, the Finnish version prevails. Transaction highlights: Admicom Oyj’s subsidiary Tocoman Oy has signed an agreement to acquire share capital of Estonian Bauhub OÜ, a developer of SaaS workspace for construction project management. The transaction is subject to fulfilment of the conditions to complete the arrangement. Bauhub enables integration of Admicom's leading project control and planning solutions into a unified project management software suite, facilitating efficient execution and seamless information flow from planning to handover. Strategically, the acquisition expands Admicom’s international growth opportunities and market potential, strengthens customer value proposition, and enhances cross and upsell opportunities in existing markets. Bauhub’s enterprise value is EUR 6.0 MEUR, and the transaction will be paid fully with cash at closing which is e