GMT Communications Partners has acquired the construction information division from Springer Science + Business Media for an undisclosed amount. The financial investor currently owns Docu Group, another B2B information provider in the construction sector and is looking to merge the business with the acquired division.
Vehicle is expected to hold a final close in March 2020, Unquote understands
Merger of German and Dutch peers will result in a client base of 3,500 companies
Fund's predecessor, BlackFin Financial Services Fund II, closed on €400m in 2016
GP will support the Munich-based software company's growth by broadening its product offering