First strategic acquisition after 20 million euro investment
MobileXpense is making its first strategic acquisition in taking over eBuilder Travel, the travel and expense management market leader in Sweden. This further strengthens the company’s position as a key international software supplier. In 2017, Fortino Capital Partners invested 20 million euros in the company's commercial growth and the development of new mobile services.
Pieter Geeraerts, CEO, clarifies MobileXpense's ambition: "MobileXpense has shown substantial and consistent growth in recent years. This acquisition allows us to further heighten our position in the international market where we have become a leading European player able to challenge the world’s largest software suppliers. We want to maintain this pioneering position and develop solutions that are able to follow the most complex processes of large multinational corporate and governmental organizations."
“MobileXpense is a perfect match for eBuilder Travel”, says Anders Båth, Head of eBuilder Travel, “it enables us to continue to provide best-in-class travel and expense management to our increasing number of international customers. At the same time, our strong position in the Nordics complements MobileXpense current footprint.”
In 2018, Pieter Geeraerts joined MobileXpense as its new CEO, bringing along his strong track record in growing software companies. Today, MobileXpense reaches another important milestone with the acquisition of eBuilder Travel, a strong player in travel and expense management in the Nordics. With this acquisition, MobileXpense obtains a solid set of large customers in Sweden and Finland backed by a strong team of local experts and aims to further expand its activities in the Nordics and strengthen its international offering.
Read the full press release here.