Byggfakta Group has acquired Olmero from the TX Group. Olmero is the leading provider for digital management of construction projects in Switzerland offering online solutions for professional tendering, construction project management and reprography.
Zurich / Stockholm, 2. November 2020 – As a pioneer and ETH spinoff for the digitalization of the construction industry, Olmero has been supporting architects, engineers, (general) contractors and suppliers for over 20 years. The added construction volume of the projects managed on Olmero’s platforms is around 5 Billion Swiss Francs per year. While Olmero’s main focus still lies on the Swiss market, it is also acquiring more and more clients in Germany and Austria. Besides its six Swiss offices Olmero also has two development sites in Belgrade (Serbia) and Düsseldorf (Germany).
Markus Schulte, CEO and founder of Olmero commented: “I’m very excited that after an extensive global search for a fitting partner we have found a new owner that shares our vision of digitizing the construction industry and that offers us the perfect basis to follow our ambitious goals. We’ve already come a long way and I’m looking forward to driving further innovations in this new promising setup.”
Stefan Lindqvist, CEO of Byggfakta Group commented: “We are very pleased to have Olmero joining Byggfakta Group and our journey to become a leading player in the eTendering market in Europe. Olmero will contribute with a strong position in the DACH region, but also enhance our capability of establishing in other regions.”
Henrik Lif, Partner at Stirling Square Capital Partners responded: “We are very pleased to welcome Olmero as the newest member of the Byggfakta group. Olmero represents our second major acquisition this year in the European tender management space and our first in the DACH region. We look forward to supporting Olmero in expanding its business both in its current markets and outside.”
Samuel Hügli, Head of Technology & Ventures and member of the Group Management at the TX Group, said: “Following a review of our strategy and focus on three investment fields (consumer fintech, productivity, digital entertainment) we concluded not to be the perfect owner for Olmero anymore. We are therefore very happy to have found a new owner in the Byggfakta Group which shares the same vision as Olmero of digitizing the construction industry and offers significant product synergies.”
Stifel served as financial advisor to TX Group on the transaction.