Main sells LOCATIQS to PE-backed Sogelink

The newly formed group will seek growth in its core operating geographies as well as accelerating international roll-outs of its combined services and also make acquisitions. The combined businesses have 650 employees and revenues of around EUR 120m, according to a press release. Sogelink provides location intelligence with data and software solutions to solve spatial issues.

Owned by Main since 2017, LOCATIQS has seen revenues increase six-fold from EUR 6m to around EUR 35m. The sponsor supported the company’s buy and build strategy, which included the acquisitions of Netherlands-based companies like Geodan van den Berg in 2018; Swiss Knife in 2019; and Geodan in 2020.

LOCATIQS was a Main Capital V investment. Main is deploying equity via Main Capital VII, which held a final close in October 2021 on EUR 1bn, and Main Capital Foundation I, which closed on its hard-cap of EUR 210m in October 2021, according to Unquote Data.

Company
LOCATIQS is headquartered Nieuwegein and was established through a combination of Dutch software companies GoconnectIT and Geodan in 2021. It has 250 staff and operates across the UK, Germany, Benelux and Switzerland. The company provides GIS & FSM software products and services that enable its customers to safely navigate and comply with spatial rules. Customers include governments, network operators, construction companies, and logistical providers.

People
Keensight Capital – Jean-Michel Beghin (managing partner), Arjan Hannink (partner).
LOCATIQS - Matty van Leeuwen, Edwin van Rooijen (managing directors).
Sogelink - Fatima Berra (CEO).
Main Capital - Pieter van Bodegraven (managing partner).

Advisers
Vendor – KPMG (M&A); Loyens & Loeff (legal).
Equity – Deloitte (financial due diligence).

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