8 Acquisitions of Companies in the Project Management Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Project Management industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 8 acquisitions that took place in the Project Management industry.

Chint Science and Technology Innovation Park acquired by Chint Electrics

Details about the transaction:

Acquisition amount:

$36,079,891

Announcement:

22 December 2022

Details about the company:

Science and technology innovation and entrepreneurship parks are developed by CSTIP.

Headquarter:

Liushi, Zhejiang, China

Where to find them:

Industry:

Advanced Materials, Corporate Training, Project Management

Details about the buyer:

Low voltage electric appliances are produced by Zhejiang Chint Electrics Co., Ltd.

Headquarter:

Yueqing, Zhejiang, China

Where to find them:

Compass Computer Consultants acquired by Advanced

Details about the transaction:

Acquisition amount:

$19,614,209

Announcement:

3 February 2014

Details about the company:

Bespoke software is designed and implemented by Compass Computer Consultants Ltd.

Headquarter:

Frodsham, Cheshire West and Chester, United Kingdom

Where to find them:

Industry:

Apps, Project Management, Software

Details about the buyer:

For private, public, and nonprofit companies, Advanced offers IT, HR, and personnel management solutions.

Headquarter:

Birmingham, Birmingham, United Kingdom

Where to find them:

Excite IT acquired by CipherPoint

Details about the transaction:

Acquisition amount:

$3,250,000

Announcement:

28 July 2022

Details about the company:

Excite IT is a provider of cloud-based project management solutions in the information technology industry.

Headquarter:

Sydney, New South Wales, Australia

Where to find them:

Industry:

Information Technology, Project Management, Software

Details about the buyer:

Solutions from Cipherpoint assist organizations and authorities in locating, safeguarding, and restricting access to sensitive data.

Headquarter:

Sydney, New South Wales, Australia

Where to find them:

Karl Etzel GmbH acquired by ABC Technologies

Details about the transaction:

Acquisition amount:

$95,000,000

Announcement:

21 January 2022

Details about the company:

An innovative and prosperous medium-sized business, Karl Etzel GmbH specializes in plastic injection molding.

Headquarter:

Mühlacker, Baden-Wurttemberg, Germany

Where to find them:

Industry:

Automotive, Manufacturing, Project Management

Details about the buyer:

One of the top producers of automotive systems and components worldwide is ABC Technologies.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Mail Manager acquired by Ideagen

Details about the transaction:

Acquisition amount:

$35,725,788

Announcement:

9 February 2022

Details about the company:

The Outlook tool called Mail Manager was created to help project-based enterprises get rid of their email management problems.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Information Technology, Project Management, Software

Details about the buyer:

Software for compliance-based information management is offered by Ideagen.

Headquarter:

Ruddington, Nottinghamshire, United Kingdom

Where to find them:

Sharktower AI acquired by MyProteus

Details about the transaction:

Acquisition amount:

$13,591,148

Announcement:

20 February 2022

Details about the company:

With our AI project management platform, Sharktower AI hopes to revolutionize how organizations implement change.

Headquarter:

Edinburgh, Edinburgh, City of, United Kingdom

Where to find them:

Industry:

Artificial Intelligence, Machine Learning, Project Management, SaaS, Software

Details about the buyer:

A technology firm called MyProteus offers digital solutions and project management to help businesses flourish.

Headquarter:

Stow Cum Quy, Cambridgeshire, United Kingdom

Where to find them:

Syntell acquired by CAG Group

Details about the transaction:

Acquisition amount:

$6,875,709

Announcement:

14 June 2022

Details about the company:

Through organizational growth, training, and project support from knowledgeable consultants, Syntell assures a long-term benefit.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Industry:

Management Consulting, Project Management, Training

Details about the buyer:

An IT company called CAG Group provides business consultancy and experienced specialists.

Headquarter:

Stockholm, Stockholms Lan, Sweden

Where to find them:

Young Group of Companies acquired by Vertex Resource Group

Details about the transaction:

Acquisition amount:

$13,800,000

Announcement:

30 September 2022

Details about the company:

Tank services, trash management, project management, consultancy, and other industries are among those in which the Young Group of Companies works.

Headquarter:

Calgary, Alberta, Canada

Where to find them:

Industry:

Consulting, Project Management, Service Industry, Waste Management

Details about the buyer:

Vertex is a North American company that offers industrial services with an emphasis on the environment.

Headquarter:

Sherwood Park, Alberta, Canada

Where to find them: